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Listed by:

vbs group

High Percentage Contract Based Taxi Service For Sale

Simcoe County, Ontario, Canada
Asking Price:
$1,500,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,056,329 (CAD)
Cash Flow:
$365,460 (CAD)

Pre-approved for financing. We help buyers seek financing with a minimum of 10% cash required.

Voted Reader’s Choice award for multiple years, this taxi service generates 70% of its revenue via government and long-standing corporate customers.

Accounts include colleges, hospitals, townships, Ontario Works and Ontario Disability Support Program, Canada Post, and YMCA to name a few.

Possibilities for growth are endless and the current owner will ensure a smooth transition to the new owners. Growth can also come from entering other similar urban/small towns nearby.

Given the presence of just one main competitor and the infeasibility of rideshare companies entering this market, it promises to be a stable and highly profitable investment for the new owners.

The business is run from two properties, and both are for sale - or the new owners will enjoy a long term, favourable lease with rights of first refusal on both properties.

There are a total of 4 apartment rentals available if both properties are purchased.

There is a manager in place as well as an experienced team of call takers, dispatchers, accounts receivable manager and mechanics.

$300k in assets included in the sale price.

We will be accepting offers until July 31st or first acceptable offer.

Business Operation

Reasons for selling:

Retirement.

Employees:
7
Years established:
14

Other Information

Support & training:

yes 3 full months

Financing available:

Yes.

Furniture / Fixtures value:
$300,000 (CAD) - included in the asking price
Inventory / Stock value:
$5,000 (CAD) - included in the asking price