Fantastic And Profitable Pedicab Business!

San Francisco, CA (San Francisco County)

Seller Financing Available
Fantastic And Profitable Pedicab Business!
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Asking Price: $349,000

Cash Flow: $220,000

Gross Revenue: $485,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $2,500 per Month

Established: 2011

Fantastic And Profitable Pedicab Business!

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Business Description

Fantastic Pedicab Business-Great Profits And Loads Of Fun!!!

This is a fantastic and rare opportunity to own a profitable, fun bicycle taxi business. Super San Francisco based business located on the Bay in San Francisco! Current owner created this business from the ground up and has successfully owned and operated the business for 10 years. Owner is absentee and his wife managed his office. Great books and records, professionally managed with extensive equipment and a top-notch group of drivers known to be the best riders in the business. Extensive client list and many existing direct relationships. The owner has worked very hard to create an unbelievable team and has taken great strides in providing great equipment and drivers for the ultimate Pedicab experience! Drivers are self-employed with one full time mechanic employee. The business is very profitable with extremely low overhead. Great headquarters located on the Bay with an office, parking and beautiful views! Great lease and lease terms. Clientele ranges from both tourists and locals alike plus everyone in between. Pedi are a fantastic way to see the city and enjoy all it has to offer. Additionally, the company hosts events, weddings, tours, special functions and even mobile film production. It also has the ability to be mobile and travel outside of the city for other events and functions. The main route travels up and down the Embarcadero to hot spots on the Wharf to great events at the stadium and through the great downtown area and up through Chinatown. The tricycles Pedicabs are a beautiful design and color with a great logo. Outstanding reputation with great reviews and the company has both hosted and participated in so many fundraisers and special functions. Super Bowl 50, Sales force, and Outside Lands to name a few. And they have raised money for many causes and campaigns. Additional income is made from advertising on the cabs. The possibilities are endless. Step into a great business and be your own boss while spending time outdoors and enjoying all the city has to offer. This is an unbelievable hospitality industry business and this is your chance to be a part of it!!
Not open during Covid but everything in place and employees ready to come back to work. Everything is ready to go!!

Detailed Information

Location:
San Francisco, CA
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/31/2025
Employees:
1
Facilities:
Great location on the Embarcadero, great lease and terms, super fleet of pedicabs, fit group of top notch riders, and a very large client and connection list.
Competition:
The only game in town and a favorite for both tourists and locals alike and great for private events.
Growth & Expansion:
Expand fleet, extend events, add more advertising, or be creative!
Financing:
Seller Financing Available
Support & Training:
Training and support provided upon request
Reason for Selling:
Personal
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Cheryl Maloney

Business Listed By:
Cheryl Maloney

Vanguard Properties

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