Highly Profitable Regional Taxi Business Devon For Sale - Devon, United Kingdom

Asking price: £450,000

Business description: HIGHLIGHTS: • Substantial and highly profitable regional taxi business - Devon • 60 private hire vehicles and 18 black cabs • Approximately 130 commercial contracts • Suitable for hands on owner or as an investment • Finance available (subject to status) BUSINESS: This substantial, long established taxi business has been developed into a highly profitable, easy to run, operation through application of great energy and enthusiasm by the current owners over a 15 year period. There are currently 60 private hire vehicles and 18 black cabs all of which are owned by individual, self-employed, drivers each of whom have graduated from the in-house training school with an NVQ, gone through enhanced CRB checks and deliver a high quality service to all customers in line with the standards set by the company. Training costs are repaid by the drivers on a weekly basis once training is complete, the system ensuring a constant flow of high quality drivers for the firm. Each driver has a PDA device and SatNav and can be monitored from the control room by GPS. There is sufficient hardware for 90 vehicles. Each driver pays a weekly office rental plus administration fee with combined rental income sufficient to cover all office salaries leaving the substantial and increasing contract income to provide the profit. There are approximately 130 commercial contracts involving work for major local firms as well as for the local authority for special needs, Social Services and a considerable amount of work for the care sector. Leasehold premises, conveniently located on a light industrial estate with ample parking facilities, are available if required, a new lease being offered for whatever space is required within a substantial building. However, the business could be relocated locally if preferred. TENURE: Leasehold or Business Only for Relocation YEARS ESTABLISHED: The business has been established for many years and under the current ownership since 1993. EMPLOYEES: There are 8 full-time and 5 part-time staff plus one part-time cleaner TRADING HOURS: The business offers a service 24 hours per day 7 days per week. TRADING INFORMATION: Account income in excess of £500k pa and rentals receivable in excess of £300k pa. Full details will be made available upon signature of a confidentiality agreement following a brief discussion about financial position. LEASE TERMS: Substantial office premises located conveniently on a light industrial estate are currently occupied on an informal basis at £1,000 pcm. A new lease would be available if required or alternatively the business could be re-located if required. There is ample parking. OPPORTUNITIES: All drivers have completed enhanced CRB checks and are able to undertake Local Authority, Social Services and work for Care Homes where this is proving to be a distinct advantage over competitors. This is an area which could be further exploited. REASON FOR SALE: After 15 years running the business the vendors wish to semi-retire and focus upon other business interests. SUPPORT AND TRAINING: The vendors will be pleased to make all the necessary introductions to the main commercial contract clients to ensure excellent relationships are maintained. FULL PARTICULARS: Please telephone or email for full particulars GUIDE PRICE: The vendors invite offers in the region of £450,000 for the goodwill, equipment, fixtures and fittings. COMMENTS: This represents an opportunity rarely available to acquire one of the most significant taxi businesses in the South West of England. Income from rents and contracts is substantial and has been delivered consistently over a number of years. With a full staffing complement and day to day operational management in place the acquisition would be suitable for an investor as well as for a purchaser looking for a more hands on role.

Property : Leasehold