Business Summary:
Location: ScotlandAsking Price: £1,200,000 + Net AssetsBusiness highlights include:Turnover: £1,600,000Net Profit: £415,000Asking Price Includes:Turnover of c. £1,600,000Gross Profit of c. £1,462,000Adjusted Net Profit of c. £415,000Over 35 years tradingSuper Large fleet of cars and mini buses Fully equipped garage and workshopLong-time established corporate contractsIntroduction:Turner Butler has been appointed to invite offers of purchase of the issued share capital ofthis long established corporate taxi and coach hire business.Business Profile:With over 70 vehicles in use this long established corporate vehicle hire businessrepresents possibly one of the largest fleets in Scotland. Complete with a fully equipped M.O.T garage and workshop.Customer Service:The business has prided itself on exemplary customer service. This is borne out by thecontinual renewal of corporate contracts.Key Strengths:The business has been trading for over 35 years. The workforce has been historically very stable and operates this fleet of over 80 vehicles smoothly and efficiently.Financial Performance:The goodwill in the business is being offered for sale on a going concern basis. All financialdiscussions will take place directly between the vendor and all interested parties underthe auspices of Turner Butler.Turnover c. £1.6mGross Profit c. £1.46mAdjusted Net Profit c. £415kAsking Price:The asking price of £1,200,000 plus net assets is for 100% of the issued share capital of the company. Assuming net assets of £520,000 at completion (calculated on a zero cash-zero debt basis).Reason for Sale:Retirement
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