Profitable Old Established School Transport For Special Needs Children | | Undisclosed Gloucestershire | | GLOUCESTERSHIRE LOCALITY. The premises are situated at a small Industrial Estate. | | ADVERT NUMBER : 53332
ADVERT IMPRESSIONS : 15,693 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Coach & Bus & Taxi Hire | | SALE: | Agent Sale | LEASEHOLD: | £220000 | | | | | BUSINESS DETAILS: | Features : This business was established by the present owner approx. 15 years ago and is now solely offered for sale due to the vendor's retirement. The business caters for the transportation of special needs children to 6 schools in the locality. The 6 schools and within a 10 mile radius of the office with parking facilities.
Parking for 10/15 mini buses
Ground floor workshop with concrete floor. 4 poster lift, compressor plus all tools for servicing.
Staff cloakroom with w.c. and wash hand basin
Stairs to first floor office plus additional large room
Included in the sale are 20 mini buses, the majority have tail lifts for wheel chairs (the newest we understand is 05 plate). We understand the value of mini buses at the present time is in the region of £60,000.
Location : GLOUCESTERSHIRE LOCALITY. The premises are situated at a small Industrial Estate.
Opening Hours : The business is at present only operated for the school runs within an approx. 10 miles radius of the premises. We understand the school runs operate from 7.30 a.m/7.45 a.m. - 9.15 a.m. with the afternoon run from 3 p.m. - approx. 4.30 p.m.
Turnover : WE ARE INFORMED the turnover is in the region of £12,000 p.w. We are further advised that the sales year ending 31st August, 2009 showed £600,196 with a gross profit of £239,898 i.e. 39.97% (after direct salaries and National Insurance plus sub contract costs of £302,487 with an operating profit of £140,848). In our opinion the business offers terrific potential for further development to increase the turnover with additional social work being undertaken. It should be noted that the school runs are only required for 195 days per annum. In our opinion there is also potential to introduce a standard taxi business operated from the premises, if desired.
Tenure : We understand the premises are held on a secure renewable lease having approximately 15 years unexpired at a current rental of £15,000 p.a. INCLUSIVE OF RATES.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
REALISTICALLY PRICED FOR EARLY SALE
Price : OFFERS INVITED TO INCLUDE THE SECURE LEASE, VEHICLES (having a current value we understand in the region of £60,000), GOODWILL, FIXTURES & FITTINGS in the region of £220,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : At present operated by the owners with approx. 30 part time drivers/ passenger assistants employed. Obviously the workers come from the local authority. Each mini bus has a driver plus a passenger assistant. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
