Asking price: £140,000

Sales revenue: £180,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
We are delighted to offer to the open market this extremely well established business that has been trading within the same family since 1961.

The current owner has been at the helm since 1974 and has very reluctantly decided to sell due to retirement.

Our client has achieved an enviable and priceless local reputation for service and reliability. The owners focussed on high service levels and decided despite many opportunities for huge growth to keep the business at a certain profitable level which satisfied the family run concern.

The owner has many ongoing written agreements in place and includes:-
- Private school runs for the last 18 years
- A contract with a large manufacturer for picking and dropping staff to 3 sites within Leicestershire
- School sports trips
- Day trips to the seaside & private events

The business has 5 mini coaches. The vehicles include:-
- Three 33 seaters (Mercedes 814’s – 1996 & 1998 & 2004
- Two 24 seaters (Mercedes 609 – 2002, 1998

The vendor has informed us of the values which are approximately £86,000.

The business offers a genuine opportunity to increase trade via more marketing.

The vendor is willing to conduct a one month familiarisation handover.

This is a superb opportunity to acquire a genuine business with a priceless reputation achieved by word of mouth and also offering real opportunities to increase trade. An early viewing is highly recommended in order to avoid disappointment.


DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Trading hours: 24/7 – as and when required.

Property: Leasehold

Lease terms
TENURE: Leasehold LEASE TERMS 3 years LEASE REMAINING 3 years Rent: £1,312.50 per quarter We are advised that the annual business rates are currently: TBC

Living accomodation
BUSINESS PREMISES A secure yard with space for 3 vehicles within a covered area. There is also space for an additional 5 vehicles in the yard. Our client has a power jet wash, jacks, compressor, a welder, tool box and tool trolley as well as a diesel tank and axle stands, tyres, spare parts, oils, cleaning fluids. We are informed by the vendor that this equipment is valued in the region of £20,000.

Location
Our client is located within the boundaries of Leicester in the East Midlands and operates from a secured premise. Leicester is a multi cultural city that has been witnessing huge growth in its population, wealth and ongoing development.

East Midlands Airport, the M1 at junction 21 and the M69 provide access to the North, South and the West.

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

Related documents

		Sales Particulars