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Tue, Jul 14 2020 04:45:27 AM  |  /

Contract & Pre-booked Taxi, Mini Bus and Coach Hire Company

Business Id:000411     |    Reference: GP215
Business Description

Contract & Pre-booked Taxi, Mini Bus and Coach Hire Company
Ref. GP215
Location : Close Proximity to Dublin
Asking Price : £293,000

The fleet of vehicles has continually grown through the years and now consists of 2x Hackney Cars, 2x Taxi Cars, a Wheelchair taxi, 3 x 14 seater minibus 7 x 16 seater minibuses (3 Minibuses are Wheelchair Accessible) and a 53 seater coach.

The business provides an acquirer with an ideal bolt on for a company already operating in this Lucrative Passenger Transport sector looking to expand their presence or gain a foothold in the area.   Alternatively this is an excellent opportunity for an organisation or an individual looking to acquire a well-established, very profitable company offering an excellent rate of return on investment and excellent growth and expansion potential with even further schoolbuilding envisaged in the area and more private school runs to be tendered for.

Business Information
Turnover:£237,000.00 Annually
Is this business relocatable: Yes
Business Sector: Miscellaneous businesses, Car/Van Hire Businesses, Coach/Bus/Taxi Hire Businesses, Commercial Vehicle Hire, Motor & Transport businesses
Statistic Information
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Business Profile
Key strengths: The business has the following key attributes: Professional contract hire taxi, minibus and coach company Transport operator’s licence On-going improvement in service Over ten years of successful operation Contract hire, school travel, airport transfers, special occasions and corporate travel etc. Website and on-line booking facility Excellent turnover from contract accounts Significant growth and expansion opportunities
Key Opportunities: This is an excellent opportunity to continue to grow the business on the solid foundations that have been laid down by the owner in terms of price, reliability, comfort and safety. Business has increased to date supported by the on-going improvement in services. There is potential to continue to grow the business, particularly the coach market. It could also be possible to expand the current contracts to add additional journeys and to market to other schools in the wider area. This is an excellent opportunity to acquire a busy professional business being sold with all assets including vehicles offering a new buyer a turnkey opportunity coupled with tangible assets from day one. The demand is there. A new owner could significantly increase the operations and profitability of this business.
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 2014 was circa £237,000 ( €323,156, )however this is continually increasing and is envisaged to grow with the addition of the coach transportation. All Assets, (fixed and tangible) approx. £140,000 ( €190,000.)
Asking Price: £293,000
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. The business could hugely benefit from more marketing/advertising and investment in a website could prove to be a valuable addition to the business.
Growth and Expansion:
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Employees: The professional staff include four full time personnel employed in the business (including the owner) with a further twelve drivers employed part time, as required.
Support and Training: Support and training will be provided to ensure continuity of trading.

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