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Tue, Jul 14 2020 03:39:40 AM  |  /

Coach and Mini Bus Hire Company

Business Id:000410     |    Reference: GP166
Price:
£300,000.00
Business Description

Coach and Mini Bus Hire Company
Ref. GP166
Location : Lancashire
Asking Price : £300,000

The company runs a fleet comprising two 35 seater coaches and 5 mini buse (both 14 seater and 17 seater vehciles). All vehicles are signwritten and in an excellent state of repair. All are fitted with the necessary tacogrpahs and fully calibrated.

As well as their daily contract work, which accounts for some 75% of turnover the business also operates a large number of private hire trips for weddings, airport runs, sports events and coastal trips.

 
Business Information
Turnover:£200,000.00 Annually
Profit:£50,000.00 Annually
Is this business relocatable: No
Business Sector: Miscellaneous businesses, Automotive Services Businesses, Car/Van Hire Businesses, Coach/Bus/Taxi Hire Businesses, Commercial Vehicle Hire
Statistic Information
Total Views:
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Business Profile
Equipment: 2 High Quality 35-Seater Coaches (circa £135,000 ) • 5 Mini Buses (Both 14 and 17-Seater.) • All vehicles are in excellent condition, signwritten and well maintained. The fleet is include within the sales price.
Key strengths: Market presence and reputation • Excellent cash flow • Growing number of solid long term contracts ensuring guaranteed future revenues • Well maintained fleet of vehicles with regular safety checks • Experienced team of drivers • Work in progress with strong order book and demand • Profitable company • Operators license
Key Opportunities: As already mentioned the demand for this business’s service is strong. The company does not provide night work at present through choice, nor does it actively promote the business. Further work here would result in significant increases in sales and profitability.
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. The business currently achieves turnover in excess of £200,000 per annum with an impressive gross profits circa £85,000 p.a. Adjusted Net Profits circa £50,000+ p.a.. There is further demand for this business’s services, the current vendor has decided not to pursue these opportunities in the past due to other business commitments. This represents an ideal opportunity to purchase a well established business with ongoing public sector contracts in place and on-going demand.
Asking Price: £300,000
Advertising and Marketing: The business has never felt the need to aggressively advertise the business preferring to rely on word of mouth recommendations and referrals. It does however use the local directories and has a website that is currently in the process of being updated.
Growth and Expansion: This is an excellent opportunity to build on the solid foundations that have been laid down by the owner. This business has grown to date by providing superb levels of service in terms of price, reliability, comfort and safety. The business is constantly getting invitations to tender for new work(public and private sector) but has chosen not to pursue these at present due to the vendors other business commitments. The demand is there. A new owner could significantly increase the operations and profitability of this business should they so require.
Premises: There are no premises associated with the sale. The business is currently run from vendors home.
Business Hours:
Employees: The vendors run this business alongside several other businesses they are involved in. To maintain the current level of operations this business requires 4 part time drivers.
Support and Training: The current owners would be happy to provide full training and support at handover.

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