Private Hire Vehicle Rental Business

Undisclosed, Relocatable

Status

FOR SALE

Date Submitted:

06/11/20

Advert ID

268693

Reference

PD11254 / Rightbiz
Freehold: £400,005
Annual Turnover: £39,000
Annual Net Profit: £450
The business owns a fleet of Licensed private hire vehicles ready to drive for Uber, they are fitted out by the company for full private hire compliance including meter, taxi plates, CCTV, audio recording systems, Catalytic Converter guard, and full compliant to meet the requirements of the local authority license.

There are currently 5 fully equipped private hire ready vehicles - Toyota Prius Hybrids and a VW Passat Diesel 2L all less than 10 years old included in the sale. The company deals with local licensing, fleet insurance and all maintenance and then rents the vehicles out to Uber drivers and local taxi drivers.

The business has an excellent relationship and reputation with the local authority, equipment suppliers, maintenance garages, Uber, local taxi firms and insurers.

Each equipped vehicle is rented at profit providing a regular, stable income which has been rising as the number of vehicles has risen. 2 of the 7 vehicles are expected to be leased soon increasing turnover.

This is a debt free, excellent and highly expandable business model that can grow with minimal investment with high returns per car once purchasing the company. The vehicles, equipment’s and drivers are all included within the sale price.

The current owner will offer a handover ensuring good professional relationships are maintained with the local council, garages and suppliers and that good value fitting and maintenance charges are maintained. He is also willing to help expand the business and share is expertise to maximise the profits.
Contact Agent
Advert Reference:
PD11254 / Rightbiz
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