Asking Price: $1,300,000

Real Estate: $480,000 (Included in Asking Price)

Seller Financing: Seller will provide up to $500,000 in financing to qualified buyer.

We are the exclusive agents for an established Car Service/Limousine business located in NYC.The business is located in two (2) buildings on a major thoroughfare and is the major service in the area. The company has been established for over 25 years and has an excellent reputation and a strong customer base. The business is profitable with a projected discretionary owner income of about $300,000 as presently operated (flat rate basis). The acquisition includes two (2) storefront type buildings (approx. 15’ X 40’), six (6) limos and twelve (12) active phone lines. The car service business is a TLC licensed “Base”, with a computerized phone system handling twelve (12) phone lines, that is fully staffed to receive calls 24 hours a day, 7 days a week. Presently, these calls are routed to about 60 drivers who have signed up for the service, paying a weekly fee of $90 for this service. When a call is received for a pick-up, it is entered into the computer and automatically routed to the drivers using the service. The first driver who responds to the service is assigned the pick-up and is responsible for the fare. The transaction also includes two (2) custom limos used for weddings, proms and other affairs, and 4 Lincoln Town Cars that are rented to private drivers. The six (6) cars are registered with the TLC.

Year Established: 1982

Employees: 4 full time - 4 part time

Facilities: The acquisition includes two (2) storefront type buildings (approx. 15’ X 40’), six (6) limos and twelve (12) active phone lines.

Market Outlook and Competition: While the business is presently flat-fee based and profitable, higher profits would be generated from sharing fare revenues with the drivers. The industry trend is for the base to receive a portion of the fare collected by the driver. While the seller realizes this potential, he has reached retirement age and unwilling to attempt to revise his relationship with his present drivers.

Management Training and Support: Seller will remain for two months to assist in the transition of the business.

Reason For Selling: Seller retirement.