Multiple Locations, Vermont
This Transportation Company has been providing high quality, reliable limousine and transportation services throughout Northern New England and upstate New York for over 17 years. The business has grown to be the largest operating chauffeured transportation company in Vermont. Their high-quality service has led to nearly 90% of their revenue coming from loyal repeat customers. The customer base is comprised of corporate clients, educational institutions, group events, and individuals travelling for work or pleasure.
The business averages 150 – 200 trips per month offering Cadillac sedans, Escalade SUV’s, Ford Executive high-top vans, mini-coaches, and stretch SUV Limousines. The vehicles are driven by trained, experienced, uniformed chauffeurs who are courteous emissaries for the regions they cover. The fleet includes 15 vehicles that are all modern, exceptionally clean, and meticulously maintained, to insure a comfortable, reliable, first-class transportation experience. This long standing, extremely successful business generates approximately $800,000 gross income annually. There are opportunities to expand by adding to the current service offerings and/or developing ancillary business lines to generate additional revenue. Current owner would like to retire and is looking for a new owner to infuse energy into the business to bring it to the next level.
The Limousine and Town Car Services industry has shifted up a gear over the past five years, as the economy continues to improve. The industry has been helped by growing per capita disposable income and rising consumer confidence, leading many consumers to, once again, spend on luxury car services rather than less-expensive alternatives, such as taxis. Growing corporate profit has also boosted the industry, as businesses have been more willing to splurge on luxuries, such as limousine or town car services.
IBISWORLD, Limousine & Town Car Services Industry in the US – Market Research Report, Feb. 2019