Location: Party Bus Company – Southern California 11192
Asking Price: $425,000
Gross Revenue: $600,000
Cash Flow: $191,000
Cash Flow Type: Owners discretionary earnings
Business Description: A fun business that provides fun for customers with special events. Customers use the party buses for the following types of events: Sporting Events, Club Packages, Bachelor-Bachelorette Parties, TV Series, Holiday Events, School Events, Home Coming, Proms. Company provides hourly rental of full Size 40 foot customized motor coaches to any kind of event This is well established transportation business with a great reputation. The terms are flexible, and the sale price includes 5 buses valued at $200,000. This business offers a strong source of income for a buyer, an exciting lifestyle, and a strong brand and foundation to build upon.
Seller Financing: Significant seller financing is available to qualified buyers.
Year Established: 2003
Mgmt. Training/support: Two weeks included in the sale price. More can be available if necessary.
Reason For Selling: Family commitments are requiring a relocation for the business owner.
Facilities: Seller pays $2500 per month for lease.
Market: Southern California is one the best markets in the country for this type of transportation business.
Outlook/Competition: Management feels the outlook is good. The Web marketing activities are strong and sustainable by new owner. Fuel costs are being passed on to customers without pushback. There are 3 – 5 competitors in the immediate area.
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Spencer Tenney, vice president of The Tenney Group, is a member of the International Business Brokers Association and a Certified Business Intermediary (CBI). The Tenney Group is exclusively focused on business sales, acquisitions, business valuations and exit planning in the transportation industry.
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