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Limousine Service Business Valuation Formula:

This is a general business valuation formula or method for established limousine services or businesses based on a percentage of annual gross revenues that can be used to help determine an approximate value and asking price to market an existing limo business.

Limousine Business Valuation Formula: Approximately 50 to 60% of annual gross sales.

Broker Comments: Its been my experience that Limousine service listings generally attract a lot of buyer interest. Another quick business valuation formula for established limousine companies that I have found that holds up fairly well is using a multiple of 2.5 times (some times as high as 3.0 times) the owners annual adjusted net income.  And it should come as no surprise that the age and condition of the vehicles will be an important factor in establishing an asking price. 

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