Taxi & Private Hire Company
Successful trading since 1986
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
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
Excellent, experienced drivers
Training and handover
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.
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
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.
• Well known in the area
• Very well established
• 4x reliable vehicles
• Reputation for reliability and value for money
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.
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.
2016 Turnover circa £59,000
2016 Net profit circa £25,500 (Before director’s drawings)
Vehicle Asset Value circa £6,000
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.
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.
The business is managed from one of two private homes alternately.
The business operates from 7:00am until 1:00am or by special arrangement.
The business employs 3x self employed drivers.
The owners are happy to train and handover the business to the new owner.
The owners would like to sell this business on due to retirement.
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