Shuttle Connection

Background Information

This business has been in existence since 1990. The current owners have owned it for almost three years. It operates as a sole proprietorship. There is no real estate included as part of the sale as the business operates via mobile communication between the four vehicles which comprise the fleet. Administrative work is handled from a home office.

The Shuttle Connection is the only company in the area that operates an on-call service for locals and visitors who require transportation within the Lincoln-Woodstock area, to all points in New Hampshire, airport transfer service, and charters. The business has a very loyal local and visitor clientele and enjoys a solid reputation of offering a professional, responsible, and punctual transportation service.

The Industry

Demand in the Lincoln-Woodstock area is seasonal, as it sits in the heart of New Hampshire's White Mountain region, a popular tourist destination. When the tourists are here (June through October and December through March, roughly), transportation demand is at its highest with ski shuttle contracts, airport transfers, and charter business. During the off-season and winter midweek periods, the Shuttle Connection relies on its local clientele, creative charter business for sporting and entertainment events, casino junkets, shopping trips, etc.

The Shuttle Connection operates 7 days a week, 24 hours per day (by reservation), and 12 months per year, except for Christmas Eve and Christmas Day.

Generally speaking, tourism destinations all over the country have found visitor numbers down in the last few years. Inclement weather has bolstered some rider numbers for local transportation as guests finding themselves in the area during rainy times or extremely cold periods had nothing to do but eat and drink if it was too cold to ski or too wet to enjoy the outdoors. The need for transportation from restaurants and pubs to home or rented properties increases exponentially depending upon the weather.

For further information on the state of the tourism industry in Lincoln-Woodstock and New Hampshire, contact the following entities:

Lincoln-Woodstock Chamber of Commerce
P.O. Box 358
Kancamagus Highway
Lincoln, NH 03251
603-745-6621
www.lincolnwoodstock.com

State of New Hampshire Division of Travel and Tourism Development
172 Pembroke Road
P.O. Box 1856
Concord, NH 03302-1856
603-271-2665
www.visitnh.gov

Location

The Lincoln-Woodstock area is the center of tourism activity and population density on the Interstate 93 corridor, north of Plymouth and south of Littleton. There is a 20-mile radius within which the Shuttle Connection is the only company of its kind offering this type of unique transportation service.

As the business can be operated via mobile communications between the vehicles in the fleet, and administered from a home office with a telephone, supporting infrastructure is very mobile and flexible.

Physical Condition

The condition of the vehicles making up the fleet is good to excellent. All vehicles are on aggressive preventative maintenance schedules and are repaired immediately as needed. A full list of the vehicles is included on the F, F, & E schedule in Section VI.

Reason for Selling & Other Facts

Due to external employment responsibilities, the owners have found that they are operating the business on a part-time basis, relying heavily on employees where they should be operating the business themselves. They have found that there is just not enough time in their schedules to operate the business effectively.

The current owners are willing to stay on and train for two weeks after the transfer of the business at no charge.

Inventory of Furniture, Fixtures & Equipment

Credit Card Processor
4 Drawer Filing Cabinet
2007 Chevy Uplander
2008 Chrysler Town & Country
2002 Ford E350, 14 Passenger
2006 Ford E350, 14 Passenger
2007 Chevy Express, 14 Passenger
1990 MCI Coach Bus, 47 Passenger
2008 Pace 6 X 12 Enclosed Trailer

The approximate total fair market value of the Furniture, Fixtures and Equipment is $85,000.

Inventory

There is no inventory included as part of this business sale.

Not Included in the Sale

Cash on hand
Business bank accounts
Accounts Receivable
Accounts Payable
Outstanding loans
Any other security deposits and prepaid expenses

Hours of Operation/Employees

Sunday through Tuesday: 6:00am to 1:00am
Wednesday: 6:00am to 10:00pm
Thursday: 6:00am to 1:00am
Friday and Saturday: 6:00am to 2:00am

Employees:
2 Full-Time, 1 Part-Time
One Full-Time employee earns $600/week salary
Other employees earn $8/hour

Annual Sales Volume

Available to qualified buyers upon completion of a Confidentiality Agreement.

Expenses

Available to qualified buyers upon completion of a Confidentiality Agreement.

2007-2008 Profit and Loss Statements

Available to qualified buyers upon completion of a Confidentiality Agreement.

Ways to Improve the Business

Positive revenue results could be immediately realized with increased marketing of creative charter opportunities, more aggressive pursuit of commercial transportation contracts, and 24 hour on-call service.

The current owners also believe that by spending more dedicated time to the business, minimizing the need for as many employees as are currently employed, new owners would be able to bring a lot of money directly to the bottom line or to them through compensation.

Current expansion opportunities in the Loon Valley with South Peak Resort and the Landing at Loon should positively impact visitor traffic and infrastructure growth in the Lincoln-Woodstock area. Obviously, this too could positively impact demand on transportation services in the area.

Recommended Listing Price (RLP)

The RLP justification for this business is as follows:

The business has Gross Revenues of:	*
The business has SDE of:	*
EBITDA:	*
Furniture, Fixtures and Equipment:	$85,000
	TOTAL RLP: $119,900

*Available to qualified buyers upon completion of a Confidentiality Agreement.

Ownership Transfer Specifications

The current owners are asking $119,900 total for the business. They are willing to provide limited terms to a qualified buyer upon review of the final purchase package as presented.

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