CONFIDENTIAL SALE
FOR SALE
19/12/23
604115
AO068 / Rightbiz
Location: Scotland
Asking Price: £1,200,000 Net Assets
Business highlights include:
Turnover: £1,600,000
Net Profit: £415,000
Asking Price Includes:
Turnover of c. £1,600,000
Gross Profit of c. £1,462,000
Adjusted Net Profit of c. £415,000
Over 35 years trading
Super Large fleet of cars and mini buses
Fully equipped garage and workshop
Long-time established corporate contracts
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share capital of
this long established corporate taxi and coach hire business.
Business Profile:
With over 70 vehicles in use this long established corporate vehicle hire business
represents possibly one of the largest fleets in Scotland. Complete with a fully equipped M.O.T garage and workshop.
Customer Service:
The business has prided itself on exemplary customer service. This is borne out by the
continual renewal of corporate contracts.
Key Strengths:
The business has been trading for over 35 years. The workforce has been historically
very stable and operates this fleet of over 80 vehicles smoothly and efficiently.
Financial Performance:
The goodwill in the business is being offered for sale on a going concern basis. All financial
discussions will take place directly between the vendor and all interested parties under
the auspices of Turner Butler.
Turnover c. £1.6m
Gross Profit c. £1.46m
Adjusted Net Profit c. £415k
Asking Price:
The asking price of £1,200,000 plus net assets is for 100% of the issued share capital of the company. Assuming net assets of £520,000 at completion (calculated on a zero cash-zero debt basis).
Reason for Sale:
Retirement
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
Get SolicitorThe data showed regarding this advert 'Long time Established Substantial Corporate Taxi and Coach Hire Business - AO068 / 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.