| | Taxi & Private Hire Company For Sale | | Seller ref: GP149
Advert ID: 870674 | | | Derbyshire, United Kingdom | |  | | Financials | |  | | Asking price: | £125,000 | | Sales revenue: | £350,000 |
| | | | Business description | | Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.
This business has been the backbone of the Taxi and Private Hire business in its area for 20+ years, and currently enjoys the benefits from being the choice for many repeat customers in their area. The company has always been noted for its high quality and standards of service, and to this effect they own a variety of different vehicles in order to be able to handle jobs of every aspect. These include an inventory of approximately 9 vehicles including cars and mini buses.
The business premises are located on an Industrial Estate and include their offices and workshop, where they service the requirements of their clients 24 hours a day, 7 days a week and 365 days a year. Business levels continue to grow from the current owners many years of experience in the industry, and the company enjoys very strong brand image in its area of operation.
This opportunity will appeal to a wide variety of investors including other companies operating in the same business and perhaps seek regional representation along with ready made turnover and profits. To this end, the Managing Director has expressed his willingness to be retained by the new owner if required, by separate negotiation, thus allowing continuity with contracts and the client base.
Equipment:
The company owns an inventory of equipment, machinery and tools which are used in the daily smooth operation of the business. All such inventory, including the company’s nine vehicles, are expected to be included in a successful sales package.
The company’s vehicle inventory currently includes:-
• 1 x Ford Tourneo Minibus 1997
• 1 x Ford Tourneo Minibus 2007
• 4 x Kia Karen’s 2004
• 1 x Kia Sedona 2004
• 1 x Peugeot 307 2001
• 1 x Peugeot 407 2006
Customer Service:
The Directors massive experience in the industry has made them very aware that customer relations and having the right vehicle for the right job are the key issues in this business sector. Therefore both aspects have been areas of focus and growth over the many years of the business’ operation. 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 and ability for getting the job done whatever it may be, in an agreed time frame and at a competitive price.
Key Opportunities:
The business has been run by the owner using traditional values and methods. However, a new owner may feel that investment in computerisation may streamline the business’ activities and make it more efficient and profitable. Equally, the new owner may feel that further investment in the marketing outreach of the company, including an Internet Website may produce its benefits also.
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. |
| | | General information | | | Employees: | The company currently employs 4 full time and 10 part time staff | | Trading hours: | Monday – Thursday: 7.30am – 1.30am
Friday/Saturday: 8.00am – 2.00am
Plus! 24hr Airport Service |
| | | Property | | | | | Location | | | The company’s premises are leasehold, with 4 years left to run on the current lease. The premises are located on an Industrial Estate with space for 4 cars, a service ramp and office (including Portakabin). |
| | | Competition / Market | | | The company currently uses local radio advertising and participates in advertising in local Hotels brochures. |
| | | Support & training | | | Full support and any necessary training will be provided during handover as part of a successful sale package. |
| | | Reasons for selling | | | The owner of the business now realises that the business now requires more financial resource in order for it to grow and expand, and has therefore decided to place the business for sale. |
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