Well established Coach Travel Company

Business
Hilton Smythe welcomes to the market St. Margaret’s Travel, a long established coach hire company with many large contracts including, the Women’s Institute, the National Trust, Bowls clubs, Colleges, Schools and many other countless groups, clubs and societies.

St Margaret’s Travel prides itself on quality and value, giving its clients comfort and reliability.

The business has 6 high end, fully serviced and maintained coaches being, a Vova 49 seat coach, 2 x Mercedes Turo 49 seat coaches, a Mercedes Atego 41 seat coach, a Mercedes Unvi 35 seat coach and a Mercedes Sprinter 16 seat coach. All coaches are serviced on a 6 week basis in order to keep them fully operational.

There are many returning customers and scores more recommended customers to the business. The business has 5* reviews on Yell and is being sold with the following websites

www.coachhirehertfordshire.co.uk

www.stansted-air-coach-hire.co.uk

The business is within the top three companies on google searches in Hertfordshire or North London, in the majority of cases and this is purely through word of mouth advertising.

There are many reasons to buy St. Margaret’s Travel including:

• Long established company
• Fully serviced and maintained fleet of coaches
• Strong client base
• Many ongoing recommended customers
• Low office outgoings

There is scope for development:

• Consider further online advertising

Hilton Smythe highly advise early viewing to avoid disappointment.



Location
 St. Margaret’s Travel is located in Stanstead Abbotts, just outside of Ware in Hertfordshire. St. Margaret’s Travel is a coach hire business that was established by our client in 1995 and is a name that is synonymous with, not only the local area, but also throughout Hertfordshire, North London and beyond.

The business’s location makes it easily accessible to M25, A1, M11 etc giving the business great access to London, South East England and further to the remainder of Britain and Europe.

Our client is now looking forward to retirement.

Premises
St Margaret’s Travel occupies an office space within The Maltings in Stanstead Abbotts.

This is a fully serviced office with all power and water incorporated in the reasonable annual rent of just £4,800

The office has desks, computers, filing cabinets, small kitchen area. The toilets are communal.

The coaches are located at North Weald airfield on a hardstanding area at a very reasonable rent of just £2,800, with the landlord being the local authority. There is water on site for cleaning the coaches.

Vova 49 seat coach

2 x Mercedes Turo 49 seat coaches

Mercedes Atego 41 seat coach

Mercedes Unvi 35 seat coach

Mercedes Sprinter 16 seat coach

Tenure
We are advised the business is being sold as a leasehold business opportunity with a rolling lease on the office space.

The rent is just £4,800 per annum, all offices are on a rolling contract. All water, electricity and rates are included within this figure.

The coaches are located at North Weald airfield on a hardstanding area with water at an annual rent of £2,800, this is on a contract with the local authority that is renewed every 6 months

Hours
The business opening hours:

Monday - Friday: 9am – 4.15pm

Saturday - Sunday: Closed

There is a 24 hour phone line.

Staff
The business is run and managed by our client, with the help of 1 office staff. The drivers are made up of 1 full time, 1 part time and several regular freelance drivers that are booked in advance.

Financial Profile
St. Margaret’s Travel generated an advised turnover of £370,999 for 2017

The assets being sold with the business are worth in the region of £225,000