PASSENGER TRANSPORT BUSINESS - AUCKLAND REGION - Business for Sale - Car/Bus/Truck - $200000

Description

(BISINZ*) This established passenger transport business is available for sale at $292,000. Immigration to New Zealand via Business Investment Residence status in New Zealand may be pursued through the LTBV (Long Term Business Visa) category. The acquisition of this passenger transport business by a foreign purchaser, who meets all other relevant requirements as set out by the New Zealand Immigration Service, may substantially assist in the eventual final LTBV application. For further details, refer to www.bisinz.co.nz. The purchase price of $292,000 will be broken down as follows: Tangible assets (chattels) $160,000 The list of tangible assets is primarily made up of an assortment of vehicles, ranging from passenger vehicles (the smallest being a 6 seater) to buses (the largest being a 37 seater). Intangible assets (goodwill) $132,000 Intangible assets will include: Data base of existing clients. Website, telephone numbers, Contracts of supply, service contracts. Initial management/vendor assistance (28 working days). Exclusive name rights. Vendors restraint of trade (50km for 3 years). Please note, the transaction will be zero-rated for GST purposes, under 11(i)m of the Goods and Services Tax Act 1985 (supply of taxable activity). EBIDPT (Earnings before Interest, Depreciation, Proprietors drawings, Tax) divided into the purchase price of $292,000, will show an (EBIDT) return on investment of 23.61% for the last financial year. This is an exciting opportunity to purchase a niche market transport business that is still in its growth phase, which currently services commuters to and from Auckland's CBD. Existing agreements with companies/businesses currently using this passenger transport business, will be passed on to the new owner. For further information contact: Erika Bult AREINZ REINZ Accredited Business Broker Phone: (09) 480 1956 Mobile: (021) 619593 Email: bult@xtra.co.nz