Jim Gleich

LAS VEGAS, NV (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)

Platinum LV Transportation LLC

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Location: las vegas / reno
Industry: Transportation
Year Founded: 2002
Number Employees: 10-50 people
Business Stage: Mature
Entity Type: Limited Liability Company
Description: SUMMARY Covid had shut down a large passenger transportation company in Nevada. Since Nevada is highly regulated and operating certificates are hard to get, these certificates are an asset to a company who has them. The value of the operating certificates is approximately $1,000,000. Our company wants to restart these assets to add additional value. We are ready to restart now! Pre Covid the company did in excess of $9,000,000. We think that is the floor to the market. Currently we have a small operation running. We can leverage the small management staff to start the expansion. We have one office in Las Vegas and an operation in Reno. Our go forward budget predicts year one revenues of $4m and operating income at $400,000. Year two can be significantly better. Using these projections, a 5x muliple of EBIT is more than double todays asset value. CAPITAL RAISE Platinum LV Transportation LLC Celebrity Coach Platinum LV Whittlesea Checker Taxi Bell Limo Reno Airport Mini Bus Capital raise min $450,000 max $675,000 Selling 90 units first 30 at $5000 second 30 at $7500 third 30 at $10,000 Units redeemed within 24 months at face value plus 10% If not redeemed, units can convert to .5% equity in the Platinum LV. If all convert, 45% of the business will be owned by unit holders Cash used for: Bring companies back to precovid operations Acquire 20 taxis Acquire 10 black cars Acquire 10 airport shuttle vans Purchase new software This is a ground floor opportunity with companies established in their markets.