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24 / 7 Taxi Service And Vehicle Repair In Watton Norfolk

Watton Norfolk
Taxi service and garage, Watton, Norfolk T/O: £416,000 GP: 50% Huge scope Enviable reputation Loyal customer base Excellent road access 9 vehicles included in sale
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 71743
ADVERT IMPRESSIONS : 20,879 TIME(S)

 
BUSINESS SECTOR: Motor & Transport
TRADE TYPE: Coach & Bus & Taxi Hire
SALE: Agent Sale

FREEHOLD:

£344,950

LEASEHOLD:

£257000
 

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BUSINESS DETAILS:

Location
Home James Cars Ltd occupies double industrial lock-up premises, ideally located on a busy industrial estate in Watton, Norfolk. The premises benefit from ample private parking and are surrounded by a range of complementary businesses. Watton town centre a short drive away, which possesses a wealth of amenities, shops and business, as well as a densely populated residential area. The premises boast easy access to the A-road network and are within easy reach of central Norfolk conurbations. Norwich city centre lies approximately 25 miles to the east and Kings Lynn to the north.

Business History
Preferred Commercial is delighted to offer for sale this busy 24/7 taxi service and vehicle repair business, which was established by our client in 1989 and which is only now being offered to the market due to our client's other business interests. The business trades 7 days a week and generates a turnover in the region of £416,000 per annum with a gross profit of 50%. Our client offers a 24/7 pre-booked taxi service, along with vehicle repairs and servicing. We feel the turnover could be further increased by embarking on a modest marketing campaign and establishing a website advertising the business and services provided. The business has an enviable reputation and is renowned for providing a quick and reliable taxi service. The premises are well-equipped to suit the trade and boast a spacious workshop with space for an MoT bay, subject to planning permission being granted. There are also 9 vehicles included in the sale worth approximately £50,000. We feel this represents an ideal opportunity to acquire an already busy taxi service and vehicle repair business with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: £416,000 per annum
GP: 50%

Opening Hours
Garage
Mon - Fri: 8:00am to 5:00pm
Sat: 8:00am to 12:00pm
Sun: Closed

Taxi
24 hours a day, 7 days a week

Accommodation Details
Substantial double industrial lock-up premises with private parking facilities. Briefly comprising:

Ground Floor
• Reception area
• Rear office with desks, chairs, computer system, fax, printer and filing cabinets
• WC with wash hand basin
• Workshop with 2 x roller shutter doors, 3 x 2-post ramps, tyre fitting machine, wheel balancing equipment, compressor, diagnostic equipment, bench drill, twin wheel grinder and a range of equipment
• Mezzanine area used for storage

External
• Parking for up to 8 vehicles to front

Vehicles
• 2 x 2009 Peugeot 308s
• Volkswagen Transporter 8-seater mini bus 2006
• Volkswagen LT 8-seater mini bus 2002 (wheel chair access)
• Volkswagen LT 8-seater mini bus 2004
• Renault Kangoo 2007
• Honda Accord estate 2004
• Renault Traffic 8-seater mini bus 2010
• Toyota Avensis estate car 2012

Tenure
Advised freehold
Leasehold option available at £257,000 + SAV
   
  FOR SALE
   

REFERENCE:

2951 / RightBiz
   
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