The business was founded almost 25 years ago and is only coming to the market now as our client has decided to focus on another business venture.
The business covers a town in the North of England. The firm offers short and long-distance taxi services including, a bespoke drive and wait service, airport transfers, school journeys and hospital appointments.
The business has built up an excellent reputation within the area and further afield for the quality of service offered and reliability. A high volume of repeat trade has been generated through word of mouth and a very loyal client base. 65% of revenue is generated from Account and Contract business.
The taxi firm would make an ideal bolt on business to a similar type of operator looking to expand or increase their share of the private hire market.
This is an excellent opportunity for a new owner to take an already successful and well established business to the next level.
The company maintains a strong fleet of vehicles and is supported by additional owner-drivers. A full-time Operations Manager runs the business day to day.
Adjusted EBITDA £308K
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