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50-Year-Old Private Hire Minicab Firm for Sale in Mill Hill North West London

Mill Hill, LondonEst. 51 years

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    641468

  • Leasehold: £180,000
  • Rent: £3,000 (£250 per month)
  • Turnover: On request
  • Profit: On request

Key Features

  • Established operational history
  • Established trading history
  • Established transportation business model
  • Excellent customer reputation

Business Details

50 years established Main road based Private hire Minicab firm for sale in North West London Mill Hill area

A well-established 24 hours private hire minicab office located in Mill Hill is now available for sale. With an impressive history spanning 50 years, solid foundation and a loyal customer base. The current owner has successfully operated the business for the past 13 years, solidifying its reputation in the local area. Located on main busy road.

The business is offered with a leasehold at an asking price of £180,000. It boasts a robust team of 35 to 40 self-employed drivers, ensuring smooth day-to-day operations. Additionally, the business enjoys solid cash flow with  school and hospital accounts, low rent, and no business rates, enhancing its appeal.

The asking price includes all necessary fixtures and fittings. Furthermore, the current owner is selling due to commitments to other business ventures.

The business has a significant online presence with an active website. New owners will benefit from offered training opportunities to ensure a seamless transition. The annual rent for the premises is £3,000.

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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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