Relocatable Staffordshire Taxi Hire Business Established In 1982 For Sale

Business description

LOCATION

• The business is currently run from the vendor’s home which is located just outside a popular market town in Staffordshire

HISTORY

• The business was originally founded in 1982 but has been operated by the current vendor since the beginning of 2009

REASON FOR SALE

• The business is only now being reluctantly offered for sale to enable the vendor to pursue an alternative unrelated business venture

FINANCIALS

Sales £40,000 estimated annual sales
Net £20,000 estimated net profit per annum

STRENGTHS

• An extremely well established business which has been trading for over 29 years
• Excellent local reputation with a very high repeat and referral rate from other satisfied clients
• Regular contract work which amount to approximately £1,500 per month
• A low overhead business which can easily be run from home

SERVICES

• The business is very well known for doing airport runs which account for approximately 60% of his turnover
• He has very regular work from a local hospital, building society and a cement company

CUSTOMERS

• Trade is split approximately 60% to general retail clients and circa 40% to account customers
• Major businesses include a hospital, a local large building society and a local cement company
• These 3 clients account for approximately £1,500 per month of the turnover
• The business also has numerous other local corporate clients
• Most clients are based within an approximate 15 mile radius of his home






DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Location:

• The business is currently run from the vendor’s home which is located just outside a popular market town in Staffordshire

Premises details:

• The business is currently run from the vendor’s home, which is located just outside a popular market town in Staffordshire
• Included within the asking price is a Vauxhall Vectra Estate on an ‘07’ plate. The estate car is ideal for carrying up to 4 passengers plus all their associated luggage

Business Operation

Expansion potential:

• This is already a successful taxi business, it does however, still offer excellent scope to increase both sales and profits by:
1. Employing another driver – the business turns away more work than is actually taken
2. Have a more spacious vehicle such as a 6 seater or one which can accommodate the disabled
3. Take on night work – currently very little is done
4. Advertise more and have a web site

Reasons for selling:

• The business is only now being reluctantly offered for sale to enable the vendor to pursue an alternative unrelated business venture

Trading hours:

• The vendor works the hours required to meet the demands of the various clients
• Hours can be erratic as the business does many runs to all the major airports

Employees:

One owner operator

Years established:

The business has been trading since 1982

Other information

Related documents:

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• Document

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• Document

Home based:

This business can be run from home.

Relocatable:

This business can be relocated.