Entertainment Transport, Service & Light Manuf. Approx. $7MM+ Assets

San Bernardino County, CA

Entertainment Transport, Service & Light Manuf. Approx. $7MM+ Assets
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Asking Price: $7,500,000

Cash Flow: $1,500,000

Gross Revenue: $6,453,432

EBITDA: $1,500,000

FF&E: $7,000,000

Inventory: N/A

Established: N/A

Entertainment Transport, Service & Light Manuf. Approx. $7MM+ Assets

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Business Description

Scalable, Valuable Assets, Well Established

The business is divided into two revenue streams namely the transportation services for entertainers as well as a turnkey maintenance and repair operation that services clients’ RVs, diesel trucks, motor coaches, and so forth.

The entertainment transportation comprises a modern 20+ coach fleet with a full-service capabilities offering provides a contemporary and edgy service for entertainers across the industry including those embarking on cross-country tours. This exclusive fleet of buses provides entertainers and their respective crews with all the amenities and facilities they require for a premium touring experience. The business has demonstrated phenomenal growth in a few short years starting with a two-bus operation to a fully-fledged 20+ bus operation presently.

The Company has provided services to a long list of entertainment industry’s most iconic and award winning artists.The company is considered to be one of the larger ones with limited competition of its scale and size outside of Tennessee where majority of the companies reside.

Then lacking in the marketplace, the current owner was desirous of creating an indelible brand that was gleaned from uncompromising values and the pinnacle in safety and reliability. Leveraging the brand values and ethos, premium interiors forged on unparalleled creativity were installed. The entire artistic process and creative rationale are geared to inspire modern entertainers utilizing the company's coaches while touring.

Currently, the entertainment coaches division of the business is the West
Coast’s quintessential transportation brand for all music genres – rock, pop, hip-hop, and many more. The fleet services the entire United States and Canadian entertainment markets employing expert drivers with a penchant for the entertainment industry.

The second revenue stream for the business lends itself to an end-to-end maintenance and repair division that renders technical services for clients’ RVs, trailers, coaches, diesel trucks, motor coaches, and other entertainer coach companies respectively.

This division of the business has marshaled a loyal and committed customer base that continually drives a positive sentiment by word-of-mouth or via digital channels in respect to its immaculate customer experience and extensive technical and mechanical knowledge as it relates to the types of vehicles it repairs and maintains. This expertise is honed by a full complement of employees who are fully accredited and certified professionals. As a result, this division has grown its resounding success primarily from word-o fmouth referrals, both digitally via online reviews and between face-to-face clients.

Owner adds few coaches every year, anticipating an increased revenue the following year. There were additional busses added in 2019/ early 2020 from which additional revenue is anticipated once the industry fires up.

The owner is a serial entrepreneur and believes the company is now prime for acquisition with streamlined operations and opportunity to scale. The owner now wants to focus on other ventures in pipeline, not competitive to this business.

The Owner purchased a property and initiated work for custom workshop and property that caters to the business. This investment will greatly benefit the maintenance business due to its custom shop and freeway visible location. The buyer has the opportunity to purchase the premise, lease or relocate the business entirely.

$6,453,432 F.Y. 2019
$6,274,255 F.Y. 2018
$5,884,355 F.Y. 2017
$2,287,112 F.Y. 2016
$414,955 F.Y. 2015

Insured Assets approximately $7MM+. Possibility for the owner to assume debt on some trucks.

Detailed Information

Location:
San Bernardino County, CA
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
As Needed
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(from currently available funds)
 
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Raj Parikh - CBB, CBI, MBA

Business Listed By:
Raj Parikh - CBB, CBI, MBA

NAI Capital - Business Brokerage Services group

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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