Taxi Company for Sale in Colchester Essex with 27 Years of Operation
Colchester, Essex
- Status
FOR SALE
- Advert ID
646656
- Reference
B09433 / Rightbiz
- Call Agent:
- Asking Price: £69,999
- Turnover: £78,139 (£1,503 per week)
- Profit: £32,073 (42% Profit margin)
Business Details
Driving Local Demand – Established Taxi Company With 27 Year History
BusinessPlease quote reference B09433
CoGoGo proudly presents to the market Earls Colne Taxis, a long-established, family-run taxi business that has been serving the local community since 1998.
Over the years, the business has built a strong reputation for reliability and friendly service, generating regular repeat custom and steady demand. The operation provides a wide range of transport services, including school runs, airport transfers, railway station journeys, seaport travel, hospital trips, as well as both local and long-distance fares.
The business benefits from an online presence through its website and also advertises in a local free magazine covering surrounding villages, helping to maintain consistent visibility within the community.
Included in the Sale:
- BMW 2 Series Gran Tourer Hackney Carriage
- Licensed for up to 6 passengers
- Access to Witham, Braintree & Halstead ranks
- Volkswagen Passat private hire vehicle
- Licensed for 4 passengers with a taxi meter
- Both vehicles are licensed with the Braintree District Council
The current owner is now looking to retire after many successful years operating the business. This represents an excellent opportunity for an owner-driver or an existing operator seeking expansion into the area.
Early enquiries are encouraged through CoGoGo.
Location
Earls Colne Taxis operates within the popular village of Earls Colne and the surrounding areas, serving local residents and visitors. The area benefits from steady demand for private hire services and convenient access to nearby towns and transport links.
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Premises
The business is operated as a business-only opportunity and does not rely on a dedicated commercial premises, making it flexible and low overhead. Operations can be managed from a home base or a suitable dispatch location.
Tenure
Business-only opportunity. The operation can be run from a suitable home base or relocated if required.
Hours
Trading hours are owner-set and can be adjusted to suit the new proprietor.
Staff
The business is currently run by the owner with support as required.
Financial Profile
We are advised that the business generates an annual turnover of £78,139 with a net profit of £32,073.
Assets included in the sale are estimated at approximately £20,000 and include two operational vehicles.
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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.
Be safe, use a Rightbiz Solicitor
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