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Profitable North East Passenger Transportation Provider in County Durham for Sale

Undisclosed, County Durham

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    04/08/23

  • Advert ID

    517610

  • Reference

    49724 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £2,000,000
  • Turnover: £2,061,539 (£39,645 Per week)
  • Net Profit: Not Applicable

Business Details

Passenger Transportation Provider North East

Turnover of £2.26m for year end 2023 (management accounts).
Adjusted EBITDA in excess of £389k for same period.
The business provides a variety of trustworthy and luxury transportation.
Having operated for over 50 years, the business is well-established with a consistent client base.
Our client has a strong-second tier management team comprising of a Commercial Director and a General Manager alongside a Company Accountant/Secretary amongst others.
The client base comprises of over 300 active clients and has major contracts with local authorities.
Recent growth strategies have been actioned to ensure increased profitability.

Kings Corporate are delighted to present Project Sugar a passenger transportation provider based in the North East. The business is well-established and offers coach hire across the region. The vendor now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a leasehold basis.

Please contact using reference number 49724 or quote Project Sugar.
Ref: 49724
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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.

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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The data showed regarding this advert 'Passenger Transportation Provider North East - 49724 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.