Turnkey Car Ride Service BusinessListing: #SV00032
About this Business for sale in Greater San Francisco Bay AreaTurnkey Car Ride Service Business
This profitable transportation business has weill-established website and customer service team. New leads for the rides are generated through the online reservation system. This business offers transporation rides, wine tours and other exclusive events. Established outsourced customer service team in place that can help with reservations and customer requests.
Most of the customers are repeat business customers that travel frequently and they love the online reservation and customer service. Even with competition from hi-tech companies such as Uber and Lyft disrupting this market, this business still generates online reservation organically and through paid advertisements because of the brand name.
This business currently consists of 2 rides and a pool of drivers so there is significant growth potential. When the rides cannot be services by the drivers then they are farmed out to sub contractors and a percentage of the ride is retained. This business has partnerships with these sub-contractors.
As there is no rent, this business has high margins and has potential for growth. Owner has spent about $50K on the website and the reservation system with an IT company.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.