Business For Sale

Coach and Mini Bus Hire Company


Ref: GP166
Location: Lancashire, England
Asking Price: £300,000
Annual Turnover: £200,000

Annual Net Profit: £50,000
Gross Profit: £0
EBITDA: Not Set
Premises Type: Not Included

Business Description

Business Profile

This well established and highly succesful business was set up the the current owner some 15 years ago and in that time has steadily grown to become a highly respected and reliable provider of good quality coaches and mini buses to the local community.

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.

The company is in an enviable position as it holds several long term solid contracts with local councils and schools, some of which have in excess of 2 years to run ensuring ongoing business and profitability to a new owner. The company also services the private market and occassionally does sub contract work for other coach companies in the area who it has a very good working relationships with.

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.

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.

Customer Service:

Customer service is key to any business. This business provides clinets with a reliable service, high quality transport, experienced drivers and competitive pricing. This is demonstrated by the prestigious contracts the business wins and the high levels of repeat business and referrals it enjoys.

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

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.

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.

Confidentiality Form / NDA

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Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into.

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Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

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Turner Butler

Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 0333 1234562 | Facsimile 01895 678532 | Email info@turnerbutler.co.uk | Website www.turnerbutler.co.uk

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