turner-butler

Businesses are featured on

Businesses for Sale

Taxi & Private Hire Company
Successful trading since 1986

Ref. GP223

Location : South Wales

Asking Price : £80,000 inc assets

Turnover : £95,000

Net Profit : £50,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £12,000

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

Submit NDA Online
Submit NDA Offline
Print this page

Business highlights includes:

2016 Turnover circa £95,000
2016 Net profit circa £50,000 (Before director’s drawings)
Vehicle Asset Value circa £12,000

Trading successfully since 1986
Very well established and fully licensed
Repeat custom
Excellent, experienced drivers
Training and handover
Goodwill

Business Profile

This very well established taxi and private hire business was established by two long time friends in 1986 as a way of “keeping busy” and quickly became a significant business in an area where private hire had not been prevalent.

Since the start of trading the business found itself to be popular and at its peak was much larger than its current size, which is relative to the age and interests of the vendors rather than any other economic or commercial factors. It is believed by the vendors that the business could double its income and profits by simply doubling the number of vehicles for hire; something they believe strongly should be an opportunity taken upby a new owner.

The business operates from the two private homes of the vendors, where once it was managed from commercial premises, and alternates in operations between them according to mood or necessity. This arrangement has proven to be economically sensible and suitable for the vendors as they manage this business today very much in line with their own personal wishes and circumstances.

The business is based in the South Wales valleys, close to main trunk roads to Cardiff and West Wales via the Heads of the Valleys link road through the Neath Valley to the M4 near Swansea.

The taxi and private hire service is used mainly by local people by requirement to travel conveniently to and from shops, pubs and clubs throughout the area. A less frequent use is made of the service for airport transfers, and vehicles have been known to make transfers t and from Gatwick & Heathrow airports as well as the nearer airports of Cardifff and Bristol.

Such services if offered more proactiveley could yield much future growth and opportunity for a new owner, along with the more easily developed increases in trade by the introduction of more vehicle availability.

This bsuiness’ resources are stretched by demand and customers are frequently disappointed by unavailability by virtue of a lack of capacity.

Vehicles:

Citroen Picasso 11 plate with circa 190,000 miles recorded
Vauxhall Mareva 62 plate with circa 150,000 miles recorded
Ford Mondeo 59 plate with circa 350,000 miles recorded
Peogeot 3008 63 plate with circa 60,000 miles recorded

Structure:

This business trades as a single entity but is financially managed separately by the two vendors, who keep their accounting separate. These have been combined for the purpose of this business sale.

Key Strengths:

• Location
• Well known in the area
• Very well established
• 4x reliable vehicles
• Reputation for reliability and value for money
• Profitable

Key Opportunities:

The current owners are, in their own words “too busy” and there exists a real opportunity to add more vehicles & drivers and simply accept more of the demand that is made daily by customers in the area.

This could be augmented by the promotion of the service toa wider geography and airport transfers.

Competition in this area generally consists of individual owner/operators who lack the repuatation for reliability that has made this business so successful.

Financial Information:

The businesses are 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.

Vendor #1:

2016 Turnover circa £59,000
2016 Net profit circa £25,500 (Before director’s drawings)
Vehicle Asset Value circa £6,000

Vendor #2:

2016 Turnover circa £35,500
2016 Net profit circa £25,000 (Before director’s drawings)
Vehicle Asset Value circa £6,000

The asking price is for 100% of the issued capital of the companies based on combined net asset position being circa £12,000 (Calculated on a zero cash – zero debt basis). There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

Advertising and Marketing:

The business does not engage in any advertising or promotions but is the relied upon service promoted by shops, pubs and clubs in the area.

Premises:

The business is managed from one of two private homes alternately.

Business Hours:

The business operates from 7:00am until 1:00am or by special arrangement.

Employees:

The business employs 3x self employed drivers.

Support and Training

The owners are happy to train and handover the business to the new owner.

Reason For Sale

The owners would like to sell this business on due to retirement.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

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

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

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.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk