Business To Buy
Long-time Established Substantial Corporate Taxi and Coach Hire Business |
| Scotland, ---Europe |
Location: Scotland
Asking Price: £1.6 million including Net Assets of £1.12m
Business highlights include:
Turnover: £1,600,000
Adjusted Profit: £310,000
Asking Price Includes:
Turnover of c. £1,505,000
Gross Profit of c. £1,098,000
Adjusted EBITDA of c. £310,000
£900,000 pa Local Government contract for 5 years
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 79 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.
Local Government contracts
The business has recently tendered for and been rewarded with Local Government contracts worth £900,000 per annum for the next 5 years. These provide an excellent and secured financial base for the business.
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. £1.505m
Gross Profit c. £1.098m
Adjusted Profit c. £310k
Asking Price:
The asking price of £1,600,000 is for 100% of the issued share capital of the company. Assuming net assets of £1,116,948 at completion (calculated on a zero cash-zero debt basis).
Reason for Sale:
Retirement
|
|
 |
Financials |
| Price: $1,600,000 |
| Gross Income: $0 |
| Cash Flow: $0 |
| FFE: $0 |
| Inventory: $0 |
| Real Estate Value: $0 |
About the Business |
| Office Reference ID: #AO068 |
| Year Established: 0 |
| Financing: |
| Training: |
| Facilities: |
| Competition: |
| Growth: |
|
| Business Listed By |
| Name: Andrew Hudson |
| Company: Turner Butler |
| Phone: 01895 25 6000 |
|
| The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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