Hackney Cab Business in North Cornwall For Sale

Business description

This is a local taxi business licensed to operate two Hackney cabs throughout the whole Carrick District of Cornwall. Adjusted net profit is around £20k. There are two drivers with one being the owner and the other a commission only driver. One car is a 5 seat sedan the other a 7 seat people carrier and both are in good condition.

The business presently operates from the owner's home and is eminently re-locatable. About 70% of trade is regular and local with the remainder being the tourists who flock to this seaside town in both summer and winter.

This is the only taxi firm in town and therefore operates a virtual monopoly. The current owner bought the business in 1991 and is now looking to retire.

The business operates two vehicles: one a 5 seat Skoda sedan that is 5 years old and has done 120,000 miles, the other is a 7 seater Hyundai Trajet which is also 5 years old and has also done about 120,000 miles. Both cars are in good condition and they do around 38,000 miles per year. Both vehicles are included within the sale price.

The business has 2 Hackney cab style licences and is licensed to operate within the Carrick District of Cornwall. We understand that such licences are selling for £25k each in Truro.

The other driver is self-employed and takes home 40% of his fares plus tips.

This is a great cash business that would suit a husband and wife team or someone semi-retired wanting to live in a beauitful location and run their own business.

Other information

Reasons for selling:

Retirement

Furniture / Fixtures value:

£10,000 (included in the asking price)