Business Summary:
Licenced Hackney Carriage & Private Hire Company
Ref.GP146
Location Essex
Asking Price £ 250,000
Established in 1991 this is a profitable, well established, licenced hackney carriage and private hire company with an excellent reputation and a substantial list of both contracts and contacts supplying very regular and profitable work.
The company owns and operates 6 cars and 5 mini buses, which are all well-maintained vehicles. The work carried out by this business on the private hire side is primarily contract based, with school contracts with the local authority that involves regular long distance work.
With a prominent town centre location they receive excellent business from the shopping centre and service the town and surrounding areas, making them the busiest taxi and private car hire company in the area.
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| Year
Business was Established: 1991 |
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| Number of Employees:
10FT |
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| Facilities / Terms of Lease:
Located in the town centre the premises comprise of a detached building with yard for parking. Internally is a waiting area, office and tea room. A 12 year renewable lease is in operation, having been recently signed, with 4 yearly rent reviews and a rental of £12,000 pa. Business rates payable are circa £1,000 pa. |
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| Potential
Growth/Expansion:
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. |
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| Competition:
The business relies on location and local name, thus providing excellent opportunities to start an advertising campaign and market the business more aggressively to significantly increase turnover. The business does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium. A professionally designed website could allow potential customers to view the range of services on offer, and give excellent potential to increase the turnover in the future. |
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| Owner
willing to train:
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. |
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| Reason for selling:
This is a genuine retirement sale. |
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Seller Reference Number: GP146
BusinessMart.com Listing Number: 64380 |
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