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Coach and Mini Bus Hire Company

Ref. GP166

Location : Lancashire

Asking Price : £300,000

Turnover : £200,000

Net Profit : £50,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

Consistent Turnover in excess of £200,000 p.a.

Adjusted Net profits circa £50,000+ p.a.

Very Well Maintained Fleet Of Vehicles (circa £160,000)

Superb Name and Reputation

Two 35-Seater Coaches and 5 Mini Buses Local Council Contracts

Ongoing Schools Contracts

15 Years Successful Trading

Goodwill

Website

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.

Financial profile:

The business is 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.

The business currently achieves turnover in excess of £200,000 per annum with an impressive gross profits circa £85,000 p.a. Adjusted Net Profits circa £50,000+ p.a.. There is further demand for this business’s services, the current vendor has decided not to pursue these opportunities in the past due to other business commitments.

This represents an ideal opportunity to purchase a well established business with ongoing public sector contracts in place and on-going demand.

Advertising and Marketing:

The business has never felt the need to aggressively advertise the business preferring to rely on word of mouth recommendations and referrals. It does however use the local directories and has a website that is currently in the process of being updated.

Premises:

There are no premises associated with the sale. The business is currently run from vendors home.

Employees:

The vendors run this business alongside several other businesses they are involved in. To maintain the current level of operations this business requires 4 part time drivers.

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

The vendors have other business/personal interests they wish to pursue.

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