| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 9,635 TIME(S)
BUSINESS REFERENCE : GP107 / RightBiz SUBSTANTIAL, REGIONAL LEADING TAXI COMPANY | | | | | | Substantial, Regional Leading Taxi Company Highly professional with many years of experience providing a professional, prompt and reliable service for all occasions Ref no:GP107 Confidentially offered for sale Location: Northamptonshire Asking price £860,000 | | | BUSINESS LOCATION: | Undisclosed Northamptonshire UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Coach & Bus & Taxi Hire | | SALE: | Agent Sale | LEASEHOLD: | £860000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This is a golden opportunity to acquire one of the best, most well established and highly reputable taxi companies available on the market today. Quite simply, it sets the standards that others follow.
This business has been established for in excess of fifty years and has constantly evolved and improved its processes and business practices to become a highly successful and extremely profitable organization.
Technology:
The Vendor has always adopted a strategy that technology and training is the key to managing a business of this nature. To this end he has consistantly invested in the latest technology to help his management team and drivers minimise their down time and maximise their route planning and profit opportunities.
This has resulted in a stable and well motivated work force, drivers who can be sure that they are generating consistant levels of income and management controls that give key performance indicators on every aspect of the operation.
Customer Service:
The business runs its own in house training programme. This covers every aspect of providing the very best customer service. Topics include “the knowledge” of the local area, effective use of technology, customer care and courtesy. The company even has its own in house driving instructor to make sure that each and every employee is trained to the very best of their abilities prior to being allowed to operate as a self employed driver.
Before being appointed every applicant is police checked for criminal records and child protection.
Such is the level of commitment gained that every successful recruit is contracted to pay back the business for their training costs which is deducted from generated income over a period of time. There is always a healthy waiting list of potential drivers.
With this sort of attention to detail it is not surprising that the company is the natural firm of choice for private individuals, local authorities and company executives alike.
Employees:
One Director
One General Manager
Eight Control Staff
Four Telephonists
Key Strengths:
· Longest established taxi company in the region
· Excellent spacious premises with good office accommodation and ample parking
· The business is the “preferred supplier” with many rolling contracts
· A good supply of self employed drivers
· Cutting edge technology
· Executive hire fleet
· 10 premium telephone numbers
· State of the art database and phone management system
· Excellent asset base of 35 vehicles of less than 5 years old
· Stable overheads
· Financially sound.
Advertising and Marketing:
The business has used limited advertising in the past and there are excellent opportunities to increase this and to invest in an internet presence to market the business more aggressively and to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Financial Information:
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.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and profit and has shown consistent high growth over 17 years trading.
Sales revenue is circa £500,000 commissions per annum on turnover of circa £5,000,000 with Net Profits currently circa £110,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.
The vehicle assets are valued at circa £350,000.
Premises:
The company has its base on a well positioned, town centre location. The spacious premises contain two offices, toilet facilities with a common area supplied with vended snacks and drinks and arcade games; there is ample parking immediately outside the building.
The premises benefits from a digital CCTV installation and is permanently manned on a 24/7/365 basis.
Rent and rates are paid annually at circa £12,000 inclusive and on a rolling annual rental basis.
Reason for Sale:
Having spent many years building this business to its current market leading performance the managing director has decided to concentrate on other commercial interests that will allow him to spend more time with his family.
Support and Training:
A full and seamless handover will be available to the purchaser for a period to be agreed as part of the negotiation process | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GP107 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
