Business for Sale

Under Contract

San Francisco Sightseeing, Double-Deck Bus Tour Co

BizEx1196-EM

Background

General Location:San Francisco, CA
Category: Local Passenger Transportation
Entertainment
Years in Business:11
Under Present Owner:11
Hours of Operation:8:30 - 6:30
Owner Hours:Varies
Training:8 weeks @ 30 hours
Organization Type:LLC
Lease Expiration:12/2018
Lease Options:Buyer to Secure a New Lease
Building Size:8,200
Employees:32
Reason for Sale:Personal Reasons

Financials

Asking Price:$2,995,000
Down Payment:Negotiable
Gross Sales:$3,000,000
Discretionary Cash Flow:$1,000,000
FF&E:$1,000,000
Inventory Included?Yes
Inventory:$25,000
Min. Operating Capital:$100,000
Real Estate Available?No
Rent:$9,500
Payroll:$40,000

2017 2016 2015
Gross Sales $ 3,300,000 $ 3,100,000 $ 2,600,000
Gross Profit $ $ $
Disc. Earnings $ 1,000,000 $ 750,000 $ 500,000

Description

Established S.F. City Double-Decker Bus Sightseeing Co - Well Known + Highly Visible,

IMPORTANT: Since 2007, this company has secured 1 of only 5 available San Francisco City Permits to operate a Hop-On, Hop-Off, sightseeing bus tour company. They have 22 city approved, designated passenger pick-up locations throughout the city at all the popular tourist locations.

Their highly branded bus fleet of 12 English made Double-Decker buses operate 7 days a week, 364 days a year (closing only on Christmas Day). They offer a variety of daily and multi-day tours packages that cover all the well-known city and surrounding areas sights and attractions. Both day and night tours are available, and they are staffed with well-trained, multilingual tour guides.

Note: this is a high volume cash business (about 40% of sales revenue) and meticulous books and records are available to qualified buyers. They also generate close to $300,000 per year in advertising on the buses. 

EXCELLENT DEAL: This Asset Sale will include: a free and clear bus fleet - market value estimated at $900,000, all inventory, and all company assets. This is a very profitable, well-managed company that has secured a solid niche market in a world destination city.

Note: We will only be working with buyers who have proof of funds (no LOIs with SBA financing accepted). Possible Seller Note with a large Down Payment Offer.

Contact me for more information: Eric Mellem, M & A Advisor at (310) 293-6414 or emellem@bizex.net. Please complete the "Buyer Registration" including the Non-Disclosure Agreement on-line at www.bizex.net before any further information will be supplied.

 

 


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922