Profitable Seasonal Pedicab Business

Deal, NJ
Asking Price:$315,000
Gross Revenue:$201,000
FF&E:$75,000
Cash Flow:$82,000
Rent:$2,400/Year
Established Year:2017
BUSINESS DESCRIPTION

Generates $80k Profit in 62 work days!

In its 7th year of operation Atlantic Pedicabs has a proven track record of profitable success completing over 2500 trips this summer alone. Atlantic Pedicabs exclusively services the Sephardic Jewish community during the spring and summer months in Deal, NJ. Customers cannot use motor vehicles to travel during their religious observation Friday night from sunset to Saturday Night sunset. Clients book through our customer app available on their phones and trips are assigned to the high school/college age riders who complete the trips using the driver app to guide them. Owner responsibilities include hiring and training staff, setting the schedule, completing billing and payroll. The season consists of the 4 Jewish high Holidays (Passover, Shavuot, Rosh Hashanah and Yom Kippur), as well as 10-12 weekends staring in late June and ending around Labor Day. In total, the business operated 62 days in 2023, grossing over $200k and profiting just over $82k. The business runs completely on credit card transactions through the dispatching software and all funds are easily verifiable as well as expenses. The business has a dedicated bank account with years of reviewable transactions upon signing an NDA. The business can easily be transferred to a new owner with new owner training included, terms to be negotiated. This is the perfect operation for someone with extra time in the summer or looking to take on an extra weekend project. The business has grown in both revenue and rides completed each year. Most importantly we have established and maintained an impeccable relationship and reputation with the clients we serve.


DETAILED INFORMATION
Location
Deal, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Employees
20
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
12 Pedicabs purchased in May of 2022 and kept in top condition via regular service and preventative maintenance. Also included in the purchase are 3 enclosed trailers all manufactured by ARISING Trailer co. and purchased in the last 3 years. (one 20 ft long x 8.5 wide in black (extended height), one 20 ft long in white x 8.5 ft wide and one 14 ft long x 8.5 ft wide in white).
Competition
There is one other business that operates in the same market with approximately 15 percent of the operational capacity.
Growth & Expansion
The business has a remarkable reputation and grows annually. The last marketing campaigns were in 2021 and the business has not closed down at all, instead growing rapidly.
Support & Training
I will assist the new owner with a full transition including every part of the business from recruiting staff to scheduling and operations.
Reason for Selling
I own another verifiable business which I would like to grow and invest more tim
Home-Based
This business is Home-Based
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Omar Akel
Omar Akel