Long-time Established Substantial Corporate Taxi and Coach Hire Business
---Europe/ScotlandFinancials
- Price: $1,200,000
- Gross Income: $0
- Cash Flow: $0
- FFE: $0
- Inventory: $0
- Real Estate Value: $0
- Source Data:
About the Business
- Listing ID: #AO068
- Year Established: 0
- Financing:
- Training:
- Facilities:
- Competition:
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- Employees:
Property Descriptions
Location: Scotland Asking Price: £1,200,000 + Net Assets Business highlights include: Turnover: £1,600,000 Net Profit: £415,000 Asking Price Includes: Turnover of c. £1,600,000 Gross Profit of c. £1,462,000 Adjusted Net Profit of c. £415,000 Over 35 years trading Super Large fleet of cars and mini buses Fully equipped garage and workshop Long-time established corporate contracts Introduction: Turner Butler has been appointed to invite offers of purchase of the issued share capital of this long established corporate taxi and coach hire business. Business Profile: With over 70 vehicles in use this long established corporate vehicle hire business represents possibly one of the largest fleets in Scotland. Complete with a fully equipped M.O.T garage and workshop. Customer Service: The business has prided itself on exemplary customer service. This is borne out by the continual renewal of corporate contracts. Key Strengths: The business has been trading for over 35 years. The workforce has been historically very stable and operates this fleet of over 80 vehicles smoothly and efficiently. Financial Performance: The goodwill in 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 c. £1.6m Gross Profit c. £1.46m Adjusted Net Profit c. £415k Asking Price: The asking price of £1,200,000 plus net assets is for 100% of the issued share capital of the company. Assuming net assets of £520,000 at completion (calculated on a zero cash-zero debt basis). Reason for Sale: Retirement
Business Listed By
Andrew Hudson Ickenham House, 2-4 High Road, Middlesex, UB10 8LJ , ---Europe, Ickenham
- E-mail : enquiries@turnerbutler.co.uk
- Web : https://www.turnerbutler.co.uk
- Phone : 01895 25 6000
- Company : Turner Butler
- Listings : 99