Buckinghamshire Taxi Private Hire And Executive Travel For Sale

Business description

HISTORY

• Established over 29 years ago and taken over by the current vendors over 8 years ago
• Steady growth in all areas but with a good emphasis on executive cars and now dealing with many blue chip clients
• All drivers are very carefully selected

REASON FOR SALE

• The business is only now being reluctantly offered for sale as they wish to retire

SERVICES

• Airport runs
• Executive travel for local blue chip clients
• Private hire
• Mini bus hire with 7 or 8 seater vehicles
• Courier service

CUSTOMERS

• Local residents to the town and its surrounding area
• Many blue chip clients taking customers and senior staff to and picking up from destinations throughout the UK

STRENGTHS

• An extremely well established business which has been trading for over 29 years
• Good mix of vehicles which can cope with any eventuality
• All drivers are self employed and on a fixed percentage of sales, so keeping fixed costs to a minimum
• Excellent local reputation with a very high repeat and referral trade from other satisfied client
• Has regular work from many blue chip local businesses








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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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
• Remaining lease: 4.5 years
• Review every: 6 years
• Rent: £18,000 per annum
• Rates: £1551 per annum

Location:

• The business operates from its own leased highly visible premises situated in an affluent town in Buckinghamshire

Premises details:

• Highly visible premises in an affluent town, they briefly comprise:
• 3 bay window wide with front side entrance into control office
• Drivers waiting area
• Kitchen
• w/c
• large store room

First floor:
• 2 bedrooms (1 double) apartment with lounge, kitchen and bathroom
• Currently let for £500 per month exclusive

Business Operation

Expansion potential:

• Take on local school runs – the business currently turns this down as does not want to let down existing clients
• Approach more local businesses to take on more executive travel
• Have more cars to give more options
• Advertise – the business currently does no advertising of any sort with all new work coming via personal recommendations
• Build up the executive side
• Have a 24hr service

Trading hours:

• Open 24 hours a day to suit customer’s requirements
• Office from 6am – midnight

Employees:

• 2 full time vendors plus a part time radio operator, who works circa 24 hours per week • The business has 24 self employed drivers who work on a commission only basis

Other information

Related documents:

• 
• Sales particulars

• 
• EPC