| | Licenced Hackney Carriage & Private Hire Company For Sale | | Seller ref: GP146
Advert ID: 870783 | | | Essex, United Kingdom | |  | | Financials | |  | | | | | Business description | | Established in 1991 this is a profitable, well established, licenced hackney carriage and private hire company with an excellent reputation and a substantial list of both contracts and contacts supplying very regular and profitable work.
The company owns and operates 6 cars and 5 mini buses, which are all well-maintained vehicles. The work carried out by this business on the private hire side is primarily contract based, with school contracts with the local authority that involves regular long distance work.
With a prominent town centre location they receive excellent business from the shopping centre and service the town and surrounding areas, making them the busiest taxi and private car hire company in the area.
Fully licenced and with excellent premises this business is now for sale as a result of the owners desire to retire, having reached this age after well over 18 years successful trading in this town and a total of more than 33 years in this industry.
Customer Service:
The business has always adopted a “can do” approach for both client companies and passengers alike. The vehicles are kept in immaculate condition and the travelling public respond to a friendly, courteous and professional approach.
Key Strengths:
Location and number of years in this position are the primary strengths of this business. With a base of licenced hackney carriage vehicles and private hire vehicles with several contracts, this business is constantly busy and in demand, both locally and throughout the area served.
Financial profile:
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.
Sales revenue is circa £6,200 per annum with good net profits. Also included in the price are the 14 vehicles as listed. The business is cash positive, very stable, well established and has continued growth potential. This represents an excellent investment opportunity to a new owner. |
| | | General information | | | Years established: | 1991 | | Employees: | In addition to the owner working full time there are 10 self employed drivers. |
| | | Property | | | Leasehold | | Lease terms: A 12 year renewable lease is in operation, having been recently signed, with 4 yearly rent reviews and a rental of £12,000 pa. Business rates payable are circa £1,000 pa. |
| | | Location | | | Located in the town centre the premises comprise of a detached building with yard for parking. Internally is a waiting area, office and tea room. A 12 year renewable lease is in operation, having been recently signed, with 4 yearly rent reviews and a rental of £12,000 pa. Business rates payable are circa £1,000 pa. |
| | | Expansion potential | | | The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. |
| | | Competition / Market | | | The business relies on location and local name, thus providing excellent opportunities to start an advertising campaign and market the business more aggressively to significantly increase turnover. The business does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium. A professionally designed website could allow potential customers to view the range of services on offer, and give excellent potential to increase the turnover in the future. |
| | | Support & training | | | The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. |
| | | Reasons for selling | | | This is a genuine retirement sale. |
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