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For Sale: Licensed Taxi Service - Established 20 Years - Lihue, Hawaii

$450,000.00

Asking Price

  • Address: Lihue, 96766.

Description

This is a great chance to own a relaxed lifestyle business, helping tourists get to their luaus on time. The business has been around for 24 years, is licensed in the relevant county, and enjoys a great reputation.

The current owner has elected to remain closed on Sundays, allowing for an immediate revenue increase for the motivated acquirer. While the opportunities for growth are capped geographically, the core business is very robust surviving the tourist downturn over the pandemic. There is currently demand growth on other parts of the island, for which a well-capitalized acquirer could begin servicing.

The well-established drivers handle the majority of the rides, but if you enjoy chatting with people, you can always get behind the wheel yourself. Enjoy exploring the beautiful Hawaiian Island of Kauai, while on the clock!

The seller has employed family in remote positions, some of whom are open to staying on, or the possibility of supplementing operations with software instead exists for an acquirer looking to improve operational efficiency.

The seller is leaving the state but is open to helping an acquirer transition on their timeline. The numbers in this teaser are taken from the end of the year 2021. The Company has not maintained cash flow statements and the cash flow amount is estimated. Full access to Company financials is available with a Letter of Intent.

NDA is required to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities: Not included (their office has been run out of the family home)

Competition: While ride-share apps are available on the island, scheduling consistent, reliable transportation for events, like luaus or airport trips is still commonly managed with taxi services.

Growth & Expansion: The business is currently closed on Sundays, opening up operations on Sundays does provide additional revenue.

Financing: TBD if structure and terms are acceptable.

Support & Training: The seller wishes to provide for a successful transition of the business and is willing to provide transition support daily for up to four months.

Reason for Selling: The seller is relocating to be with family and grandchildren.

To get more information about this Licensed Taxi Service - Established 20 Years business for sale in Lihue please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #276175 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Licensed Taxi Service - Established 20 Years, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.

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Contact

  1. Name: Rick Carlson
  2. phone iconPhone: 833-776-6682

Details

  1. Asking Price: $450,000.00

  2. Down: Call/Email

  3. Cash Flow: $152,000.00

  4. Revenue:    $260,000.00

  1. Area: Lihue

  2. City: Lihue

  1. Attributes:

    Broker CooperationFinancial AssistanceTraining & SupportOwner/Seller Financing

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