Business for Sale

Sightseeing Tour Bus Company - LA and Hollywood

BizEx1260-EM

Background

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

Description

Very Popular, Los Angeles / Hollywood Tour Bus Sightseeing Business

This fun and entertaining company offers fully guided 2 hour and 5 hour tours that cover all the popular sites throughout Hollywood, Beverly Hills, and Los Angeles. 

They operate 7 customized, open-air, logo-ed vans and tour all the major sites that out of town tourist come to LA to see; Hollywood Sign,  Rodeo Drive, Hollywood Walk of Fame, Celebrity Homes, Chinese Theater, Famous Filming Locations, The Sunset Strip, Movie Studios and much more.

Annual Revenue is currently around $1,250,000, including cash receipts; Net Income is about $300,000

This company has developed a great reputation and enjoys a good niche in the industry. It generates high online sales and is also referred by numerous local hotels and concierges. 

This is a fun, easy business to own and operate.

For more information; please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register.

Don Mellem, Business Broker, (949) 842-8154, dmellem@bizex.net. Eric Mellem, Business Broker, (310) 293-6414, emellem@bizex.net


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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