Fully Licensed Hackney Taxi Airport Transfer Business For Sale

Business description

Fully Licensed Hackney Taxi, Airport Transfer and Courier Service.

Established in 1990, this business offers a polite, professional and punctual taxi, minibus and courier service. It is well known for its reliability and friendly service. Its office staff and drivers have been trained to offer the very best in customer care.

Whatever a client’s travel needs, it is guaranteed that their driver will be smart, courteous and helpful. The company’s stringent recruitment procedure ensures that only the best professionals end up on their list.

The majority of the work carried out by this business is contract based. It has schools contracts with the local authority that involves both escort and non escort school runs, chauffer service, urgent parcel deliveries, Airport meet and greet, and tours and sightseeing trips for groups.

This business is also the exclusive NHS taxi & courier service for the region and in this work, use specialist trained drivers and escorts. The business is a member of the federation of small business and is well known for its reliability and reputation.

Equipment:

The company prides itself on using well-presented, comfortable and modern cars to transport its clients. An in house computerised system is used in the office along with linked to an evolved system for reception of bookings. The staffing level includes trained full-time reception and dispatching staff. The company supplies all the necessary radio equipment to its operatives.

Customer Service:

The business has always adopted a "can do" approach for both client companies and passengers alike. The vehicles are kept in immaculate condition and the travelling public respond to a friendly, courteous and professional approach.

Key Strengths:

The key strength of this business is that work is always available ensuring significant annual turnover. The company receives consistent and regular work and has been on form financially over many years, well positioned for strong future growth.

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 business is financially stable with no borrowings, low overheads, positive cash flow, no debtors, enjoys a Strong Order Book, high gross and high net profit and has shown consistent strong growth in profits. Net Turnover for this year is circa £800,000

Property information

Property:

Leasehold

Location:

The business operates from circa 400 square foot leasehold premises in the centre of a main town. Annual rent is charged at £195.00 per month with rates charged additionally at £400.00 per annum.

Parking and storage space is also rented by the business, which comprises of a garage and hard standing space for multi-vehicle storage, rent is circa £2,000 per annum.

Business Operation

Expansion potential:

There are several avenues for growth, possibly by more growth through inward investment, expanding the fleet by purchasing additional cars and increasing the staff levels to expand into other locations.

Competition / Market:

The company has an informative website, Yell marketing and undertakes card drops on a regular basis. Strong word of mouth recommendation and good telephone numbers is the key to the success of this longstanding business.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

5am – 1.30 am 7 days a week

Employees:

56

Years established:

1990

Other information

Support & training:

Support, training and handover will be provided if required to the successful purchaser.