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| Financials |
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| Asking price: | £395,000 | | Sales revenue: | £304,000 | | Net profit: | £51,000 |
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| Business description |
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This is an excellent corporate and private taxi business located in Northern Ireland. A long established profitable business with income being derived from lucrative contract and private hire work.
This business has been established for in excess of thirty years and has constantly evolved and improved its services to become a highly successful and well run business.
Under the current ownership for 16 years, the business has on going contract work and long established repeat private custom. Clients are relaxed in the knowledge that the staff are well known to them and extremely reliable, with good, clean and safe vehicles.
The buyer will require a PSV license in order that they can tender for work. The Freehold premises are included in the asking price.
Customer Service:
The business has a reputation for helpful and professional staff with excellent customer service due to the way the staff are trained, which keeps it ahead of any competition in the area.
The company enjoys an excellent reputation with many repeat customers and third party referrals, giving the business extremely strong brand image in its region.
Key Strengths:
The key strength of this business must surely be its reputation. As one of the longest established taxi companies in the region the business is the “preferred supplier” with a good ‘call out’ time, many rolling contracts and a good supply of own and owner driver cars.
The vehicles are kept in immaculate condition and drivers are vetted before working with children and are all fully legal with required insurance and PSV licenses.
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.
Turnover circa £304,000 for year September 2007 – August 2008
Net profit circa £51,000. |
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| General information |
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| Employees: | The owner currently employs 15 full time staff including 4 office staff and 11 drivers including 2 female plus 8 owner drivers. Drivers are long established with the business and are long term, honest and reliable. |
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| Property |
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| Location |
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The property is freehold and located in scenic area close to a major town and also nearby to several seaside holiday centres.
The premises comprise of a semi detached, double glazed 3 bed cottage with porch, sitting room, kitchen/dining room and bathroom with oil fired central heating.
Outside there is a concrete yard for parking a workshop and two offices for administration plus kitchen and toilets. can office
The premises are covered by CCTV and have broadband facilities. |
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| Expansion potential |
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| This business has sufficient demand for its services to grow significantly. The vendor feels that profitability could be increased by approx. 20% with additional investment in marketing. Opening a satellite depot in an adjoining town could also increase sales and ultimately profits for the business. |
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| Competition / Market |
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| The company has invested very little in marketing, advertising mainly in local newspapers. Circa 80% of people add the business number into their mobile phone, generating plenty of repeat business with many new referrals through word of mouth. |
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| Support & training |
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| Full support and any necessary training will be provided during handover as part of a successful sale package. |
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| Reasons for selling |
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| The owner now wishes to concentrate on other business interests. |
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