Executive Coach Hire Staffordshire For Sale

Business description

The Business Partnership is pleased to offer for sale this excellent coach hire company which has been long established by one family and is a major player in both of its regional markets.

The business runs 14 coaches from a city base and 12 from a rural base. Turnover is also split between the two locations with the first generating £1.4m and the second £629k.

The business offers private hire for which they are the preferred supplier for a number of companies and organisations. Their reputation means they are always on local tender lists and could easily double their turnover in summer months with access to a larger fleet.

Contract work is mainly with local authorities to provide school transportation. Currently there are 23 contracts or around 3 years duration with mixed expiry dates. This work accounts for around £750k of the annual income.

Having sold their holiday business previously, they now provide coaches for the new owners, operating excursions and tours across the UK and Europe.

The combined financial figures for both sites are:
Turnover £2,057,000
Gross Profit £613k
Adjusted EBITDA £384k
Revised Net Asset Value £420k

The business employs a total of 38 staff and accesses a pool of casual, self employed drivers. Operating hours are as required. Maintenance and servicing is done in house to an extremely high level.

This business gives an existing operator an ideal opportunity to enter two successful markets (city & rural) that would otherwise be costly to enter. The existing owners are willing to remain as required bringing their skill and pride in the brand to the new owners and ensuring its continued success.

Please email for full sales details and financial breakdown.

Property information

Property:

Leasehold

Lease terms:

City site totals 1,800 sq m (19,300 sq ft) and houses offices, workshops, coach wash, toilet drop and some additional portacabins. Rent is £30k p.a. with rates of £10,767 p.a.

The Rural site is just over an acre in size and houses 3 garages, and a store. Rent is £10k p.a. with rates of £4k p.a.

Both sites have ample parking for their fleets

Location:

The main site is just north of the city centre with excellent road links to its working territory. The second site has a rural setting, again, ideally located for the market it serves.

Other information

Expansion potential:

The rural site could easily accommodate a larger fleet giving greater penetration into the area.
There is also scope to increase rates and the number of tours taken for excursions.

Competition / Market:

The rural site has no competition. The city site has two main competitors. One does provide a similar service but is not seen as a threat. The other competes on school contract work with a very much older fleet but does not cover the rural areas our client has under contract.

Support & training:

Existing owners are willing to remain to ensure the ongoing success of the brand name.

Trading hours:

as required

Financing available:

We can put you in contact with financial companies who specialise in business purchases.

Contact the seller