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Businesses For Sale > Business For Sale in Edinburgh, Scotland, UNITED KINGDOM - UK (UK)

GP226-Edinburgh-525,000-Established & Highly Profitable Luxury Coach Hire/Travel Company for sale in Edinburgh, Scotland, UK

Edinburgh, Scotland, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 525,000 £ 875,737 Undisclosed

Business Summary:
Established & Highly Profitable Luxury Coach Hire/Travel CompanyRef. GP226Location : Edinburgh, ScotlandAsking 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.

 

   
Year Business was Established: 2000
   
Facilities / Terms of Lease: The business is operated from a large 2 acre site which is modern and clean. On-site is parking for all vehicles. Location is ideal being close to the airports with excellent access to the major conurbations and road network. The Vendor is happy to provide a suitable lease to a new owner subject to negotiation. Current Asking price is based on a rental to a new owner circa 30,000 p.a. The freehold is owned by the vendor and is available by separate negotiation.  
   
Potential Growth/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.  
   
Competition: 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.  
   
Owner willing to train: 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.  
   
Reason for selling: After 20 successful years growing the company from scratch to the present trading levels, the current owners believe the business can best be taken to the next level by someone with fresh energy levels and ideas for new investment or business cross-over o  
   
Seller Reference Number: GP226
BusinessMart.com Listing Number: 253893
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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