Dominant Taxi & Garage Bristol Somerset Price Reduced For Sale

Business description

Business Details
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Private hire and minibus service which has been established for over 6 years and was founded by the owner. He now wishes to sell due to retirement.

This very good business opportunity provides a private hire and hackney service as well as a minibus hire. There is also a thriving garage which undertakes repairs to all types of vehicles. The charging rate for the garage is £35 per hour. The business has many prestigious contracts and undertakes a huge amount of contract work with local schools and the council. In fact at the moment contract work produces revenue in excess of £50,000 per month. There are also many prestigious clients including corporate outfits such as Bank of Ireland and Age Concern and Shelter, as well as local hotels.

The concern employs 8 self employed drivers who trade from the owners vehicles. They pay the business between £170 to £210 per week each depending on the size of the vehicle. In addition to this they pay a radio fee of £50 each as do 15 other self employed drivers who have their own vehicles. The owner has 5 hackney plates. There is also a radio controller who is paid £340 per week as well as a full time driver/ rep who is paid £400 per week. A book keeper and secretary is paid £340 per week. There are also 2 full time mechanics running the garage.

The owner’s role is very hands on and he operates within the business on full time hours.

There are a few Taxi companies in the city, but this organisation is one of the largest in Bristol.

The owner markets the business in various publications including yell.com, the phone book, the Thomsons directory, and has a website.

The operation is run by all the latest technology including Trackmate.



The particular highlights of the business are:
- Ideally located
- An established business
- An excellent reputation for service
- Large and impressive client base
- Many prestigious contracts and corporate clients
- Excellent financial profile and profits.




The concern has huge potential. In particular the turnover and profits can be increased by:
- The business will enjoy natural organic growth
- More marketing is required to achieve more clientele especially corporate.

The owner would be available for a business familiarisation period if required

Property information

Property:

Leasehold

Lease terms:

The concern operates on a rolling monthly lease with a rent of £24,000 per annum.

Living accommodation:

Property Details The business is housed within a large industrial unit which is 4260 sq ft approximately. There are electric shutters to the front and a full security system. There is a large space for vehicles which can fit up to 20 vehicles and a repair area with a ramp. To the rear there are offices and staff facilities. Equipment with sale The business price will include all vehicles and fixtures and fittings and equipment. There are 6 minibuses, and 8 vehicles and 5 hackney plates. All garage equipment is also included. External To the front there is a concreted area for parking for up to 4 vehicles

Location:

This superb business opportunity is situated on a prestigious industrial estate which lies only 5 minutes from the town centre and Temple Meads station. There are many complimentary businesses within the estate and there is ample parking. The location is very convenient for access to all parts of the city.

Bristol itself has excellent motorway links to the rest of the country via the M 32, the M4 and the M5 motorways

Business Operation

Trading hours:

The business offers a 24 hour service.