Closed transaction · December 2018
Cynthia's Manhattan Limousine
MDR & Associates took Cynthia's Manhattan Limousine, a limousine service, through to closing in December 2018.

The transaction
- ClosedDecember 2018
- SectorBusiness & consumer services
- LocationAustin, Texas
- BuyerFinancial buyer
- Engagement to closing120 days
- Represented byMDR & Associates
- Todaycynthiaslimo.com
The company today, in its own words. A full-service transportation company with more than 20 years of experience, providing professional transportation throughout Austin and the surrounding areas, from airport transfers and corporate travel to weddings and special events.
The sale
How it ran
Cynthia's Manhattan Limousine, a limousine service in Austin, came to us 120 days before it closed in December 2018. It was sold to a financial buyer, found through the same confidential process every company we represent goes through: a blind profile, buyers qualified before they learn the name, and more than one at the table where the company draws them.
What that buyer examined is what any buyer of service businesses examines — the factors below, in that order.
Own a service business?
Find out what a buyer would pay for it today. A confidential opinion of value from the firm that sold Cynthia's Manhattan Limousine — free, with no obligation, answered the same business day.
Get a free valuation snapshotWhat decided the price
What buyers look at in a service business
Recurring and contracted revenue
The strongest single driver. Revenue under contract, on a schedule, or under a maintenance agreement is worth a multiple of the same revenue sold ad hoc.
Owner dependence
If customers buy because of you, the buyer is not buying a business. Reducing this is the highest-return work available before a sale.
Customer retention and length
Churn and average tenure tell a buyer what they are really acquiring. Have the numbers ready before they ask.
The full list, and who the buyers are: Selling a service business in Texas.
Your company
Talk to the firm that sold Cynthia's Manhattan Limousine
Four fields and a reply the same business day. Nothing you send is shared with anyone, and nothing reaches your employees, customers or competitors. If you would rather talk, call (855) 637-2776.
- A value range and what is driving it
- An honest answer about whether now is the time to sell
- No fee unless and until your company sells







