Established Taxi and Limousine Business for Sale in Hudson County, NJ
Financial Details
- Asking Price:
- $199,000
- Annual Revenue:
- $217,000
- Cash Flow / SDE:
- $120,000
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 1.7x
- Location:
- NJ, US
- Source:
- Date:
- September 16, 2025
Key Highlights
Description
This listing presents an established taxi and limousine business operating in Hudson County, NJ, with a remarkable 62-year history. The company has successfully navigated the market, remaining unaffected by the rise of ride-sharing services like Uber. Its key strengths lie in its consistent, prompt service (under fifteen minutes), with drivers possessing intimate knowledge of the local area, reducing reliance on GPS and ensuring reliable pick-ups. The business boasts a diverse team of drivers fluent in Spanish, Arabic, and English, catering to a broad customer base. It offers flexible payment options, accepting both cash and all forms of card payments without requiring advance booking. The company owns its fleet of vehicles, which are then leased to drivers, covering the provision of vehicles, licenses, dispatching, insurance, routine maintenance, and social media advertising. Repair work is handled by a part-time employee. The owner is retiring after decades of service, and seller financing is available for qualified buyers. This business represents a stable, long-standing operation with a strong reputation and deep community ties.
Industry Information
- Industry Description:
- Taxi and Limousine Business
- Classification:
- Transportation & Storage
Operational Snapshot
- Year Established:
- 1963
- Reason for Selling:
- Retirement
Real Estate & Lease
- Status:
- Not Included
Listing Details
- Listing ID:
- 1dd98ce3-ab2f-4ca8-a30b-f18ff1733ab4
- Source Listing ID:
- 30853
- Deal Status:
- For Sale
- Date Posted:
- August 10, 2022
- Last Updated:
- September 16, 2025
- Currency:
- USD