Cornwall Coach Company With Freehold Site For Sale

Business description

The company was established in 1997 and developed from a business that organized trips to significant sporting occasions across the UK. It was a logical progression to grow the operation and in 2006 the business acquired a local coach operator.

The company continues to provide private hire for one off trips and has regular business from local football, bingo and job clubs. The web site generates good enquiry levels from American and German touring parties looking for a reliable operator to provide their holiday transport. In addition the operation derives much of its revenue from five school run contracts it has won with local county councils. It also provides a local bus service for the villages within the local area.
The business has its own freehold site with workshop that is fully equipped to carry out the majority of the maintenance work required.

Equipment:

The workshop has a full-length commercial pit, a twenty-ton lift, MIG and Gas welding equipment a large compressor and ample storage facilities. There is also a large range of hand tools.

The vehicle fleet consists of.

Two, thirty three seat Mercedes coaches
Two, twenty nine seat coaches
One, twenty four seat coach
Two, sixteen seat coach

The average age of the fleet is circa twelve years of age.

Financial Information:

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. The freehold site is valued at circa £115,000. Adjusted pre tax profits are around £75,000. The vendor will supply copies of the latest accounting information.

Property information

Property:

Freehold

Location:

The business is located in a rural location within easy reach of all the major routes.
The offices are located adjacent to the workshop.

Business Operation

Expansion potential:

There are additional three-year contracts available for tender in 2010. Theses will be awarded to companies able to supply transport services to schools in West Cornwall.

Competition / Market:

The company has a well-developed web site with pictures of the coaches and an interactive pricing facility. The business also advertises in the Yellow Pages and in Thompson’s directory.

Reasons for selling:

The proprietor has a number of commercial interests and has decided to sell this business to free off more of his time to devote to a young family.

Employees:

One proprietor One part time secretary Two self-employed drivers Three full time drivers One part time engineer

Years established:

1997

Other information

Support & training:

There will be a full and professional handover for a period to be agreed as part of the sales process.