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| Business description |
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* Highly regarded taxi company established 37 years ago by the current owner.
* Well known branded name operating from a prime High Street walk in location.
* Operates locally and regionally 24 hours per day 7 days per week.
* Fully radio controlled, easy to remember telephone number and many regular and account clients.
* Long serving operating staff and 16 regular drivers
* Leasehold ground floor office with potential to sublet two upper floors to generate additional income.
* Opportunity to expand an existing transport business or gain representation in new area.
* Prime business opportunity to further develop by personal contact with the assistance of the present owner.
* A Sound operation to build upon with a stong cash flow. |
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| General information |
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| Years established: | 37 years | | Employees: | 4 office and 16 drivers | | Trading hours: | 24 hours/day
7 Days/week |
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| Property |
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| Leasehold | | Lease terms: 10 years remaining from June 2009. |
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| Location |
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| Prime high street location. |
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| Expansion potential |
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| The existing owner is prepared to continue with the company for a limited period to develop new business through his local business contacts in the area as he is well known due to his long service and high profile. |
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| Competition / Market |
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| There are other taxi operators in the locality but they are not nearly as long established or as well regarded and are not regarded as a threat to the business. |
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| Support & training |
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| Support and training from the existing owner can be offered through a service contract. Any purchaser could benefit from the existing owners considerable experience and contacts. New business, personal contacts, strength of any opposition, customer approach and treatment, operational and business development are key areas where assistance can be offered. |
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| Reasons for selling |
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| Questionable health and desire to stand back from operational business with a 3 year business development consutancy contract. |
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| Financing available |
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| £60,000 down payment and balance payable over 5 years with consultancy contract for seller for three years with 5% commission of net sales for developing new business. |
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