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Contract & Pre-booked Taxi, Mini Bus and Coach Hire Company

Ref. GP215

Location : Close Proximity to Dublin

Asking Price : £293,000

Turnover : £237,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : £140,000

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

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Close Proximity to Dublin City Centre (50 kms)/Relocatable

Asking price: €399,000

Asking price includes:

Turnover for 2014 circa £237,000 (€323,156)

All Assets, (fixed and tangible) approx. £140,000 (€190,000)

Transport operators licence

All Contracts & Customer Details

Private and Corporate work

Contracts with Local Authorities

Huge opportunities for substantial growth

Business Profile

Established in 2002, this business became limited in 2004 and has a complete business structure in place. This is a family run, professional business that prides itself in exceptional delivery of service. The primary source of business is contract work and pre-booked Taxi and Minibus hire for private clients, corporate/schools and local authorities. There are many more opportunities that can be advertised and tendered for.  

The fleet of vehicles has continually grown through the years and now consists of 2x Hackney Cars, 2x Taxi Cars, a Wheelchair taxi, 3 x 14 seater minibus 7 x 16 seater minibuses (3 Minibuses are Wheelchair Accessible) and a 53 seater coach.

The business is well known locally with limited competition and comes with fully trained staff and everything in place. The vehicles are reliable and good quality, driven by professional drivers who put the customer first.

The business provides an acquirer with an ideal bolt on for a company already operating in this Lucrative Passenger Transport sector looking to expand their presence or gain a foothold in the area.   Alternatively this is an excellent opportunity for an organisation or an individual looking to acquire a well-established, very profitable company offering an excellent rate of return on investment and excellent growth and expansion potential with even further schoolbuilding envisaged in the area and more private school runs to be tendered for.

Assets

4 x Taxi / Hackney saloon cars

1 x Wheelchair Accessible Taxi / MPV

10 x Minibuses

1 x 53 seater coach

Coach availability is relatively new to the business and it is envisaged the annual turnover on this will be circa €30,000.

Customer Service:

Customer service is the key to any business. Professional in every respect this business provides clients 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:

The business has the following key attributes:

  • Professional contract hire taxi, minibus and coach company
  • Transport operator’s licence
  • On-going improvement in service
  • Over ten years of successful operation
  • Contract hire, school travel, airport transfers, special occasions and corporate travel etc.
  • Website and on-line booking facility
  • Excellent turnover from contract accounts
  • Significant growth and expansion opportunities

Key Opportunities:

This is an excellent opportunity to continue to grow the business on the solid foundations that have been laid down by the owner in terms of price, reliability, comfort and safety.

Business has increased to date supported by the on-going improvement in services. 

There is potential to continue to grow the business, particularly the coach market. It could also be possible to expand the current contracts to add additional journeys and to market to other schools in the wider area.

This is an excellent opportunity to acquire a busy professional business being sold with all assets including vehicles offering a new buyer a turnkey opportunity coupled with tangible assets from day one.

The demand is there. A new owner could significantly increase the operations and profitability of this business.

Financial Information:

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.

Turnover for 2014 was circa £237,000 ( €323,156, )however this is continually increasing and is envisaged to grow with the addition of the coach transportation. 

All Assets, (fixed and tangible) approx. £140,000 ( €190,000.)

Asking Price:

The Asking Price of €399,000 is for the assets and goodwill of the business.

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. The business could hugely benefit from more marketing/advertising and investment in a website could prove to be a valuable addition to the business.

Employees:

The professional staff include four full time personnel employed in the business (including the owner) with a further twelve drivers employed part time, as required.

Support and Training:

Support and training will be provided to ensure continuity of trading .

Reason for Sale:

The owners have created a professional, reliable business that has attracted a loyal customer base and are only looking to sell to concentrate on other business interests.

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