Coach And Mini Bus Hire Company For Sale

Business description

This well established and highly succesful business was set up the the current owner some 15 years ago and in that time has steadily grown to become a highly respected and reliable provider of good quality coaches and mini buses to the local community.

The company runs a fleet comprising two 35 seater coaches and 5 mini buse (both 14 seater and 17 seater vehciles). All vehicles are signwritten and in an excellent state of repair. All are fitted with the necessary tacogrpahs and fully calibrated.

The company is in an enviable position as it holds several long term solid contracts with local councils and schools, some of which have in excess of 2 years to run ensuring ongoing business and profitability to a new owner. The company also services the private market and occassionally does sub contract work for other coach companies in the area who it has a very good working relationships with.

As well as their daily contract work, which accounts for some 75% of turnover the business also operates a large number of private hire trips for weddings, airport runs, sports events and coastal trips.

Equipment:

• 2 High Quality 35-Seater Coaches (circa £135,000 )
• 5 Mini Buses (Both 14 and 17-Seater.)
• All vehicles are in excellent condition, signwritten and well maintained. The fleet is include within the sales price.

Customer Service:

Customer service is key to any business. This business provides clinets with a reliable service, high quality transport, experienced drivers and competitive pricing. This is demonstrated by the prestigious contracts the business wins and the high levels of repeat business and referrals it enjoys.

Key Strengths:

• Market presence and reputation
• Excellent cash flow
• Growing number of solid long term contracts ensuring guaranteed future revenues
• Well maintained fleet of vehicles with regular safety checks
• Experienced team of drivers
• Work in progress with strong order book and demand
• Profitable company
• Operators license

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 currently achieves turnover in excess of £200,000 per annum with an impressive gross profits circa £85,000 p.a. Adjusted Net Profits circa £50,000+ p.a.. There is further demand for this business’s services, the current vendor has decided not to pursue these opportunities in the past due to other business commitments. This represents an ideal opportunity to purchase a well established business with ongoing public sector contracts in place and on-going demand.

Property information

Location:

Lancashire/Greater Manchester Border. There are no premises associated with the sale. The business is currently run from vendors home.

Business Operation

Expansion potential:

This is an excellent opportunity to build on the solid foundations that have been laid down by the owner. This business has grown to date by providing superb levels of service in terms of price, reliability, comfort and safety. The business is constantly getting invitations to tender for new work(public and private sector) but has chosen not to pursue these at present due to the vendors other business commitments. The demand is there. A new owner could significantly increase the operations and profitability of this business should they so require.

Competition / Market:

The business has never felt the need to aggressively advertise the business preferring to rely on word of mouth recommendations and referrals. It does however use the local directories and has a website that is currently in the process of being updated

Reasons for selling:

The vendors have other business/personal interests they wish to pursue.

Employees:

The vendors run this business alongside several other businesses they are involved in. To maintain the current level of operations this business requires 4 part time drivers.

Other information

Support & training:

The current owners would be happy to provide full training and support at handover.

Relocatable:

This business can be relocated.