Indiana/Kentucky Charter Bus Company
|Location:||Indiana, Kentucky Region|
|Seller Financing:||$25,000 down, $75,000 over 12 mos @ 6.5% approved|
Owner is willing to stay on post-closing, to ensure an effective transition is completed.
|Reason For Selling:||
Owner is retiring.
This is a complete bus operation with service bays. Real estate is owned and available for purchase or lease, at market price.
Company is known for their personal and professional service. A new owner with new energy and new desire can grow significantly, in this expanding market.
Company has a satisfactory DOT rating, with no accidents.
The ideal buyer might be a competitor looking to add $600,000 in new revenue with little cash required, while keeping a well-funded competitor out of the market. Another ideal buyer would be a limousine business in the area wanting to diversify into the motor coach segment. Easy entry, great facility, and training to get limo operator trained and transitioned properly.
Largest customer generates 12% of annual revenues. The top 20 customers produce 61% of annual revenue. Average revenue per trip is $1060. Most customers are repeats and some for 10-20 years. Customers consist of colleges, churches, senior organizations, hotels, military, and corporations.