LIMOUSINE SERVICES COMPANY
Seller:
Attn:
Gary Willis
Location:
Not Disclosed, UT, USA
Listing Number:
"UT Limo"
Overview of the Business:
This Company is a Utah-based Limousine Services Company which caters to the transporting of people to and from the airport. This Company has been in business for over 14 years. A key feature of this business is its arrangement with a national organization for limousine services. About 50% of the annual revenue is generated with this arrangement. The Company caters to the transporting of people to and from the airport.
The Company currently utilizes seven vehicles to provide the chauffeured limousine services. Most vehicles are black. Each vehicle has been well maintained.
The Company offers services to the Northern Utah community. The majority of the business relates to transporting business customers to and from the Salt Lake City airport. While this is their primary revenue source, the Company is available for events such as weddings, birthdays, graduations, and other special occasions. Currently, the vehicle assortment lends itself to the airport transportation. If the other services were marketed more heavily, at least one more limousine may be required.
Market Competition and Expansion:
Generally, the limousine industry is made up of many small operations, i.e., companies that are led by an owner that is involved in day-to-day activities. But, within the segment of the industry that this Company operates, (airport transportation), there are key areas of competition, including shuttle services and taxi. But, due to the high quality of customer service and the appearance and cleanliness of the vehicles, this Company does well in this market. In addition, the arrangement with a national booking organization, on-line access, etc. sets this Company ahead of the competition.
A new owner has many opportunities to take this Company to new levels. These opportunities may include but not be limited to:
•Market additional services such as weddings, graduations, birthday parties, etc.
•Expand geographic coverage.
•Develop more key contracts at hotels, large corporations.
•Hiring outside sales people.
Additional Details:
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