Customised Taxi Conversions And Vehicles For Government Departments For Sale

Business description

HISTORY

• Founded by the vendors over 7 years ago

REASON FOR SALE

• Ill health

PRODUCTS

• The business manufactures a range of Hackney taxis and private hire and wheelchair accessible vehicles, which all conform to latest M1 European Whole Vehicle approvals
• Customised specification vehicles for;
o Governments & local authorities
o Vehicle manufacturers
o Care homes
o Private individuals
• Car models include Fiat, Citroen & Peugeot
• The Combi Mini Bus vehicles include Vivario, Ducatto, Mercedes & Torneo

SERVICES

• The business holds a consumer credit licence and is able to deal with 6 different finance houses to arrange loans subject to status for its clients.

CUSTOMERS

• Customers nationwide
• Extremely high referral rate of circa 70% from other satisfied clients
• Sales to taxi drivers account for circa 85% of turnover
• Circa 15% from care homes, local authorities, prisons, and vehicle manufacturers

STRENGTHS

• Well established business trading over 7 years
• Vehicles have M1 and European approvals which has cost the business over £100,000 to obtain
• Very experienced and loyal workforce
• Extremely high referral rate of circa 85%
• Sales from other satisfied clients
• Niche business with little local competition
• Business is also able to arrange finance if required








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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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

Property:

Leasehold

Lease terms:

• Leasehold
• Original Lease: 6 years
• Lease remaining: 2 years
• Review: 3 years
• Rent: £16,700 pa
• Rates: £6,113 pa

Location:

• Ideally located in the centre of a large industrial estate near the M6 motorway

Premises details:

• High visibility ground floor corner plot in the heart of a large industrial estate, briefly comprises of:
• Single storey premises circa 3,000 sq ft over 2 units adjoined together
• Fully double glazed and alarmed
Unit 1
• Used for assembly
• 3 offices 2 of which have W.C’s
Unit 2
• Used as a workshop
• Side racking
• 2 side W.C’s

Business Operation

Expansion potential:

• Expand in Europe via agents. The business should be very competitive with the fall in value of the pound against the Euro.
• Approach other government departments to offer their specialist services
• Employ agents around the UK to push the sales to other taxi firms and individuals
• Expand the production facilities to give more space and make the business more efficient
• Approach residential care homes to offer their motability scheme.

Trading hours:

• Monday to Thursday: 7.30am to 4.30pm
• Friday: 7.30am to 12pm
• Extra as required to meet customer needs

Employees:

• 5 full time staff including 2 vendors • 1 part time staff

Other information

Related documents:

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