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Sat, Apr 04 2020 04:44:56 AM  |  /

Established & Highly Profitable Luxury Coach Hire/Travel Company

Business Id:000403     |    Reference: GP226
Leasehold Price:
£525,000.00
Business Description

Established & Highly Profitable Luxury Coach Hire/Travel Company
Ref. GP226
Location : Edinburgh, Scotland
Asking Price : OIRO £525,000 (inc.Net Assets)
This highly profitable business was established by the vendor over 20 years ago and since then the company has grown to become one of most respected and trustworthy coach hire companies in the Edinburgh region with a modern fleet of executive vehicles. The business is ideally located, close to both Glasgow and Edinburgh airports and the national road network, and is in an ideal location to serve major growing population centres. The site offers space for the current fleet, workshop and office areas, with room for expansion.
The business has developed a thriving client base across a variety of sectors, many of whom are highly desirable blue chip organisations providing high levels of repeat business. The business is particularly strong in the tour operator/holiday company sector but is not over reliant on any one client, having a good spread of regular clients, large and small. With a major brand presence, and the flexibility to offer a range of coach sizes (typically 16-53 seats) that other firms cannot compete with, the business enjoys bookings from local businesses, tour operators, public sector bodies and private residents covering a huge catchment area for a wide range of trips. These include airport transfers, corporate events, public sporting events, excursions to attractions and exhibitions and private function bookings.
The business has grown through recommendation, referral and a well-thought out strategy to become one of the most respected and profitable operators in the region. As such the business has grown year on year both in terms of market share, asset base (fleet) and profitability. This trend is expected to continue moving forwards.
The business enjoys a strong order book for the current staff and vehicle levels, with excellent opportunities for future growth in a number of directions.

 
Business Information
Turnover:£875,737.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Car/Van Hire Businesses, Coach/Bus/Taxi Hire Businesses, Commercial Vehicle Hire, Travel Agencies
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
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Business Profile
Equipment: Alongside the fleet of high quality vehicles ranging from 8-53 seater vehicles, the company operates a semi-automated booking system. It has also invested in a well laid out and easily found website, offering online quotations and enquiries. Full fleet details are available subject to completion of the Turner Butler confidentiality agreement. Fleet is included in the asking price.
Key strengths: The range of vehicles that the company can offer represents a service that has limited direct competition. The business is located in Scotland’s capital city and also near enough to service Glasgow effectively, as well as other growing population centres so has a huge potential market to serve. The marketing and branding has been established for over 20 years, which means the company is at the forefront of people’s minds when thinking of a professional coach hire company in the region.
Key Opportunities:
Financial performance: 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 for year ending May 2019 circa £875,737 p.a. Resultant Gross Profits circa £435,107 p.a. Adjusted EBTDA (pre director drawings) circa £277,000* *After rental circa £30,000 p.a. Net Assets included in sale circa £362,000 . There will be a £ for £ adjustment to the final sale price to reflect any movement away from this figure.
Asking Price: Asking Price of £525,000 is for 100% of the Issued Share Capital in the Limited company based on the Net Assets being £362,000 at time of sale. Should the net asset position be different from this at time of sale the price will be adjusted in line with th
Advertising and Marketing: The business was originally grown through direct marketing and promotion efforts of the vendor. Since then there has been some investment in print and website. The company also benefits from social media presence. With a constant focus on customer feedback, and direct response, the client database has grown with the company.
Growth and Expansion: The business is primed ready for the next stage in development. The current owners have developed and grown the business very successfully to date but believe the business would benefit from a new injection of energy and business acumen to maximise the many opportunities that exist. The current operation could easily be expanded. With further investment in marketing and promotion, the site can handle further additions to the fleet and workforce.
Premises:
Business Hours: As required but has a 24 hour emergency number.
Employees: This is a family run business. The vendor is very much hands on and runs the business on a day to day basis. The business employs a team of full time drivers and administrators, as well as further part time drivers. There are a number of key staff within
Support and Training: The vendor will assist in ensuring the business is transferred to new ownership in a successful manner, and will be happy to stay on to consult with the business for a further extended period should a new owner so require, subject to negotiation.

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