Taxi Private Hire And Executive Travel | | Undisclosed Buckinghamshire | | BUCKINGHAMSHIRE TAXI PRIVATE HIRE AND EXECUTIVE TRAVEL Est over 29 yrs ago Steady growth with emphisis on exec travel with blue chip c/m 18 vehicles & s/e drivers A/T: £366,799 GP: £113,504 NP: £81,759 2 Bed apartment let @ £500 pm Scope for school runs L/H: £375,000 For share sale REF: 1138HP | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66967
ADVERT IMPRESSIONS : 15,639 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Coach & Bus & Taxi Hire | | SALE: | Agent Sale | LEASEHOLD: | £375,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business operates from its own leased highly visible premises situated in an affluent town in Buckinghamshire
HISTORY
Established over 29 years ago and taken over by the current vendors over 8 years ago
Steady growth in all areas but with a good emphasis on executive cars and now dealing with many blue chip clients
All drivers are very carefully selected
REASON FOR SALE
The business is only now being reluctantly offered for sale as they wish to retire
SERVICES
Airport runs
Executive travel for local blue chip clients
Private hire
Mini bus hire with 7 or 8 seater vehicles
Courier service
CUSTOMERS
Local residents to the town and its surrounding area
Many blue chip clients taking customers and senior staff to and picking up from destinations throughout the UK
STAFF
2 full time vendors plus a part time radio operator, who works circa 24 hours per week
The business has 24 self employed drivers who work on a commission only basis
TRADING HOURS
Open 24 hours a day to suit customers requirements
Office from 6am midnight
FINANCIALS
Yearly (May 2010) takings £366,799
Gross profit margin £113,504
Net: £81,759
PREMISES
Highly visible premises in an affluent town, they briefly comprise:
3 bay window wide with front side entrance into control office
Drivers waiting area
Kitchen
w/c
large store room
First floor:
2 bedrooms (1 double) apartment with lounge, kitchen and bathroom
Currently let for £500 per month exclusive
VEHICLES
The business currently has 18 vehicles which include:
2 x Phaetons both on a 60 plate
2 x Hyundai 7 seater on a 60 plate
1 x VW 8 seater transporter on a 05 plate
1 x Skoda Octavia Estate on a 59 plate
12 x Skoda Superbs from a 54 to a 59 plate
TENURE
Leasehold
Original Lease 6 years
Remaining lease: 4.5 years
Review every: 6 years
Rent: £18,000 per annum
Rates: £1551 per annum
STRENGTHS
An extremely well established business which has been trading for over 29 years
Good mix of vehicles which can cope with any eventuality
All drivers are self employed and on a fixed percentage of sales, so keeping fixed costs to a minimum
Excellent local reputation with a very high repeat and referral trade from other satisfied client
Has regular work from many blue chip local businesses
SCOPE
Take on local school runs the business currently turns this down as does not want to let down existing clients
Approach more local businesses to take on more executive travel
Have more cars to give more options
Advertise the business currently does no advertising of any sort with all new work coming via personal recommendations
Build up the executive side
Have a 24hr service
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1138HP / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
