Ad ID: 1460868
Type: Established business
Category: Services – Local Passenger Transportation
Category: Services – Other Travel & Transportation
Cash Flow: $255,481
This highly reputable cab company services a huge geographical area in Northern Nevada, and they enjoy no competition. For nearly two decades their 20-car fleet has transported locals and tourists within and between four distinct communities in the region. Great response times and reliability make them the go-to transportation referral for bars, restaurants, hotels, and tourist destinations. Even with Uber and Lyft in the area, the community supports its local cab company, so these outside contractors have minimally impacted this business. Additionally, Uber and Lyft will soon be regulated by the NPA in the state of Nevada, so there’s no worry of future competition from them. This company provides taxi services to an established customer base of both individual and commercial accounts and many fares come from repeat customers. It’s a rewarding business, in high demand, and it is ready to grow along with its growing community. This turn-key sale includes all 20 vehicles, plus all shop and office equipment. Drivers are independent contractors and make great money. Experienced dispatchers and mechanic plan to stay. Current Owner is minimally involved in the business; a hands-on Owner/Operator could double the fleet and take the business to a very lucrative next level.
Year Established: 1997
Facilities: Spacious 3000 sf facility with on-site mechanic and office space. Twenty vehicles included in the sale.
Competition: This long-established and trusted cab company is very well known in the community. They don’t just have a share of the taxi cab market, but have the ENTIRE market. This is a business regulated by the government and nobody else can come in. They are the only cab company referred to by all the local restaurants, bars, hotels, motels, etc. There’s no serious competition with Uber and Lyft because they form the bedrock of transportation in a community that has relied on them for nearly two decades.
Growth and Expansion: A hands-on Owner would see profits rise significantly. As the area’s population undergoes unprecedented growth, adding vehicles to its fleet would be very profitable (there’s no limit to the amount of company cars that can be on the road). The company does very little advertising; an Internet presence would markedly increase visibility for tourists to the region.
About the Sale
Financing: Seller willing to finance through an SBA loan
Support/Training: 2 weeks
Reason Selling: Retirement