FOR SALE
04/08/22
300215
BB5166 / Rightbiz
Overview:
If you are looking to buy a Taxi Vehicle Rental Business that operates in South Gloucestershire, then this is one to take a look at. This is an established taxi business that offers private hire in and around the Gloucestershire area.
This limited company was established in 2019 and the owner is now looking to move onto something different.
Anyone looking to buy a taxi business and wants one that has opportunities to grow, then this is the one. It is one that would easily increase by growing its fleet of taxis as there is a huge demand for it.
It is a very established Company among its trade and customers.
Annual Turnover: £30,000
Annual Turnover Period: Annual
Net profit: £25,000
Tenure: Relocatable
Business Established: 2019
Current owner has run this business for: 2019
Business Sale Description:
For Sale is a Taxi Vehicle Rental Business that operates in South Gloucestershire.
The Business that is very well regarded in Gloucestershire and in the community it supports. The business is now looking for a new owner who can expand on the fantastic foundations the current owner has put in place.
The business has built up an impressive client base both locally and online and this business benefits from having the option of being able to be grown considerably.
This private hire taxi business that is for sale provides an excellent passive income and for any new owner, they could easily expand this business in terms of taxi rentals.
All the vehicles are licensed vehicles and the business covers all of South Gloucestershire and benefits massively from having agreements in place with South Gloucestershire Licensing as well as having excellent relationships with Uber and Bolt.
Currently, the business is enjoying having a huge market presence and the opportunity to increase this presence is there for any new owner.
The business has an Annual Turnover of £30,000 with a net profit showing at £25,000.
Key Features of This Business:
Excellent Reputation;
Recently Refurbished;
Loyal Custom Base;
Equipment to be included;
Huge Growth Potential;
Variety of Services or Products;
Has Market Relationships
Equipment included In Sale;
High Growth Possibilities;
Key Location Features:
Home Based;
Office Based;
High Street Location;
Rural Location;
Close to Local Businesses;
Limited Competition
Accommodation Included: No
Potential Growth Opportunities:
A new owner could look to develop the business further through additional marketing and promoting special offers to gain more customers. The business does limited advertising and has achieved much of its success through its reputation for excellence.
Through increased advertising via social media and online platforms the business could boost exposure to its services and effectively attract more customers. The current owner doesn’t see a need for a website, but this is something a new owner may want to add.
Vendor Open To a Transition Period: YES
Business Sector Type: Private Hire/ Taxi
Are Company Accounts Available: YES
Management Structure For Business: Run by owner
Number of Staff: TBC
Business Sale Asking Price:
£125,000
Business For Sale BB5166-Reputable Taxi Vehicle Rental Business For Sale That Operates in South Gloucestershire
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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