Asking price: £150,000

Sales revenue: £727,560

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales have been instructed to offer for sale this very well established company with excellent further potential.

Established at the current premises since 1994, it is now reluctantly offered for sale due to retirement plans of both directors.

In additional to this, there are also day coach trips to such things as sporting events, concerts etc.

Although the company have owned coaches in the past, all coaches are hired in by reputable companies: 6 local pick ups only

Business is generated from a high level of repeat custom plus advertising once a week in the local newspaper and the companies own well developed web site.

The business requires firm & dynamic person to control & develop the outstanding qualities that this outlet requires in order to become extremely profitable in a very short period of time.

The current owner is willing to provide advice & assistance without interference, for as long as necessary, at a very small remuneration.

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Employees: Currently staffed by the vendor in a management role plus one full time and two part time long standing members of staff, the company offers a wide range of coaching holidays throughout the UK.

Trading hours: 6 Days a Week

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 3 years Remaining lease: 3 years Review every: 3 years Rent: £5500 per annum We are advised that the annual business rates are currently: £893.02

Living accomodation
BUSINESS PREMISES A ground floor, highly visible premises in a prominent corner location with the added security of electric roller shutters and consisting of the following: Ground Floor - Central entrance door of glass display frontage leading to main sales area with desks and brochure racking - Doorway leading to store room, kitchen and w/c - Doorway leading to office area

Location
The business occupies a highly visible and prominent corner location on the edge of the town centre. There are good levels of passing traffic and high levels of passing footfall, with new development in the area ensuring an increase in this.

There are excellent transport links with easy access to the A180 and excellent parking facilities with large multi storey car parks nearby and free on street parking to the side of the premises.

Expansion potential
The business operates at a very high turnover; however, a large section of the profit is spent on the hire of coaches. This provides an excellent opportunity for the business to be purchased by a current coach operator, who would easily achieve in excess of £130,000 net profit per annum, at the current levels of turnover. Alternatively, with current costs for sub contracting coaches standing at around £167,000 per annum, it might be of benefit for a new owner to reduce this cost by running their own coaches thereby improving profitability.

Financing available
Please let us know if you require finance for the purchase of a business.

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