Self Drive Van & Minibus Hire And Rental | | Undisclosed Essex | | Self Drive Van & Minibus Hire and Rental Ref.AO056 Location Essex Asking Price £60,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46616
ADVERT IMPRESSIONS : 23,961 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Car & Van Hire | | SALE: | Agent Sale | LEASEHOLD: | £60000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
The present owner established the business in 2004 and now runs a fleet of five vehicles, four vans, and one minibus, thus providing different solutions for a broad base of customers.
Stability and growth is down to the strategy of the business to acquire a solid base of customers, and the business now benefits from high levels of regular repeat custom. A number of local businesses use the company’s vehicles instead of purchasing or leasing their own fleet. Construction companies, manufacturers, printers, banks and even a local film business are amongst the most dependable customers.
The business also receives numerous one off, lucrative jobs as a result of recommendations and the fact that there is no competition in the area.
One of the vehicles has been hired out on a long-term agreement for the last five years.
The business does not presently arrange theatre trips or organised holidays, which is a considerable area for growth for the purchaser. They do enjoy a strong revenue stream from the private hire market with many customers returning year after year. The operation has a good level of bookings taking them right through 2009 and beyond. The company has a database of some 700-800 clients at present.
Equipment:
Four vans, including a Transit Connect a Luton plus tailift, another Luton, an Iveco and a Minibus.
Customer Service:
Drivers supplied on demand
Vehicles can be returned at any time
Vehicles maintained to highest standards
Key Strengths:
Well established and financially sound
Good number of long-term contracts
Large and varied well maintained fleet
Strong forward order book
Controlled overheads
Limited local competition
Growth and Expansion:
There is a good opportunity for the purchaser to build on the excellent foundations that have already been laid by the present director. In addition to the existing contracts there is an opportunity to tap into the holiday sector and sporting / cultural events market. The present premises could easily cope with additional vehicles.
Premises:
The business operates from rented premises. The site includes an office, portakabin and a yard with space for up to eight vehicles.
Annual rent and rates combined total £6,060
Business Hours:
Monday – Friday: 7.0 am – 4.0 pm
Saturday: 7.0 am – 11.00 am
Security:
The premises are secured with both high fencing and gates.
Advertising and Marketing:
The business advertises regularly in the local press.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover is circa £69, 000, gross profit is circa £40,000 and adjusted net profit is circa £17,000.
Support and Training:
All necessary training and a full handover are available to ensure continuity of trading.
Reason for Sale:
The owner is looking to start his much deserved retirement. | | | | | | FOR SALE | | | | | REFERENCE: | AO056 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
