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Owner Dilemma: Should You Keep Driving for Your Limo Company? 18 Sep 2012 | 10:23 pm
Limousine industry statistics show that the chauffeur business is largely comprised of small, independent operators with between one and five vehicles. In order to earn a living, most new business own...
Steps to Take When Buying a Limo Business with a Partner 5 Sep 2012 | 09:39 pm
They say that two heads are better than one. Buying a limo company with a partner can mean splitting the cost, workload, and risks associated with going into business. Unfortunately, it can also mean ...
Why Comparing Limo Business Value Is Counterproductive 27 Aug 2012 | 09:57 pm
Business owners often make the mistake of assuming they can price their company based on the value of similar limo companies for sale. But while it sounds counter intuitive, comparing two limo busines...
How Sellable Is Your Chauffer Business? 22 Aug 2012 | 04:03 pm
There are many steps business owners must take to prepare a chauffeur business for sale. But perhaps the most important one is to ensure the business is sellable in the first place. Owners who assume ...
How Much Is Location Worth in a Limo Business Sale? 17 Aug 2012 | 07:10 pm
For an industry that’s always on the go, the transportation business is surprisingly dependent on location. It’s not so much where you store your fleet or situate your management office that matters, ...
3 Ways Experienced Employees Impact Limo Business Value 13 Aug 2012 | 06:35 pm
Employees are literally the driving force behind a successful limousine business. Besides expertly carrying out the everyday tasks that keep a company running smoothly, experienced drivers and managem...
How a Flexible Deal Structure Improves the Odds of a Successful Limo Business Sale 7 Aug 2012 | 06:53 pm
All too often, sellers focus all their attention on the purchase price without giving much thought to structuring a deal. But while all-cash deals might sound simple and convenient, they often come at...
Should You Sell a Limo Business to an Employee? 2 Aug 2012 | 07:36 pm
Successors don’t always have to be related. For a business owner unable to hand down a company to a relative – and uncomfortable selling to an outside party – a key employee may make a logical heir. W...
Is It Time to Diversify Your Limo Fleet with a Bus Business? 30 Jul 2012 | 07:19 pm
The limousine business comes with pros and cons. On the one hand, it’s a relatively easy industry to enter. On the other hand, competing with more prominent rivals as a small chauffeur business can be...
4 Signs Limo Business Owners Need a New Exit Plan 23 Jul 2012 | 10:56 pm
By definition, an exit strategy is a plan for leaving one’s current situation – in this case, your limo business. But if you wrote your most recent exit strategy back when you wrote your business plan...
