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Description

Absentee Owner Possible Licensed Taxi Service in Hawaii

Lihue, Kauai County, Hawaii

Asking Price: $450,000

Cash Flow: $99,000

Gross Revenue: $205,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Established: 1999

Employees: 6

Business Description

A great chance to own a relaxed lifestyle business, helping tourists get to their luaus on time. The business has been around for 20 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. Further reducing risk to an acquirer, at time of publishing, the County of Kauai is not permitting new taxi licenses, allowing an acquirer to enjoy the moat provided with the three taxi licenses conveyed with the business.

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 operations.

Seller is leaving the state but is open to helping an acquirer transition on their timeline. Numbers in this teaser are taken from end of year 2021. The Company has not maintained cashflow statements and the cashflow amount is estimated.

Full access to Company financials available with Letter of Intent.

NDA required {SUBMIT BELOW} to receive 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 are still commonly managed with taxi services.

Growth & Expansion:

The business is currently closed on Sundays, opening up operations on Sunday does provide for 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.

Contact info

Pronova Partners

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