Business Presented By

Contact: Greg Kells

Phone: 1-800-905-3557

Business ID: 1384214000006821008

Email: [email protected]

Financial Information

Asking Price : $ 1,250,000

Revenue : NA

SDE : NA

Business Description

Here is your chance to purchase Central Taxi, the largest Taxi service provider in the City of Belleville, ON, a municipality in excess of 50,000 population. Situated in their owned premises at 569 Dundas St. East, a major arterial roadway, this enterprise has provided service to the Quinte region for over 30 years. The sale is for the “going concern,” turnkey operations of Central Taxi, as well as the properties identified as 563 and 569 Dundas St. East. The Taxi related assets in this sale include 75 municipal taxi licenses, 22 older model, fully licensed taxi vehicles, as well as the contents of their administrative offices. State of the art dispatch support, smartphone app, computer and voice booking capabilities are currently in place. The approximately 1.79-acre property included in the sale, is comprised of 2 separate parcels, located side by side with each parcel having their own frontage on Dundas St. East. There is a single storey slab on grade building of approximately 8,150sf, located on the property. 1,340sf of which is occupied by Central Taxi, while the other 6,180sf is currently utilized for automotive repairs and service. The automotive space has 10’ and 14’ overhead garage doors at grade level, 4 hoists already in place, mezzanine storage, and a 1500sf attached lean off, and a large parking area. The building is on municipal sewer, water, electric, and natural gas with a 400amp electrical service. Asking price includes $875,000 for the property. New owners with experience in the automotive industry could run a full-service auto repair facility or franchise from the garage area and operate the taxi business as an added source of revenue. Conversely, should the new owners only wish to operate the taxi business, then the automotive area could be leased out at fair market rent. The described facility also boasts lots of exterior parking space, making this a very suitable site for fleet type operations or used car sales. Vendor financing is available on the non-property portion of this sale. This is a very unique offering, with significant upside opportunity to further expand current facilities and increase revenues. With COVID vaccines coming fast, we should soon see a return to normalcy for bar, restaurant and service type businesses. This bodes well for taxi operators everywhere. Many believe when restrictions are lifted, that there will be a public outpouring not seen since the end of the second world war, as a cooped-up population flock to restaurants, licensed establishments and post COVID parties of all sorts. This would be an ideal time to acquire Central Taxi and be ready for these upcoming busy, exciting times.

Details

Primary Business Category: 485310 - Taxi Service
Location:Ontario
Listed by:Kingston
FinancingAvailable

Company Information

Franchise:No
Year Established:
Number of Employees:0

Financial Information

Asking Price:$ 1,250,000
Gross Revenue:NA
SDE:NA
FF&E (included):NA
Inventory:NA
Down payment:NA
EBITDA:NA

Get additional information about this business

This business is posted by the Kingston Office. This office serves the following municipalities: Kingston, Belleville, Trenton, Picton, Bancroft, Brockville, Perth, Smiths Falls, Prince Edward County, Eastern Ontario..

This business is also posted by Kingston and Oshawa,Whitby.