Sold
Sightseeing Tour Bus Company - LA and Hollywood
BizEx1260-EM
Background
| BizEx ID: | BizEx1260-EM |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Local Passenger Transportation Entertainment |
| Years in Business: | 5 |
| Under Present Owner: | 5 |
| Hours of Operation: | 6:00am - 11:00pm |
| Owner Hours: | Varies |
| Training: | 4 weeks @ 30 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | Month to Month |
| Lease Options: | |
| Building Size: | 850 |
| Employees: | 8 |
| Reason for Sale: | Other Opportunities |
Financials
| Asking Price: | $750,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $1,500,000 |
| Discretionary Cash Flow: | $300,000 |
| FF&E: | |
| Inventory Included? | Yes |
| Inventory: | |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $900 |
| Payroll: | $12 |
| 2019 Jan - June | 2018 | 2017 | |
|---|---|---|---|
| Gross Sales | $ 477,000 | $ 1,300,000 | $ 1,177,000 |
| Gross Profit | $ 257,000 | $ 500,000 | $ 505,000 |
| Disc. Earnings | $ 170,000 - 6 Mos | $ 250,000 | $ 250,000 |
