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Asking Price$1,059,675
Revenue$635,805 Established1985
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Reputable  Taxi, Car & Van Hire Company
Ref. GP217
Location : North Yorkshire

Asking price: OIRO £750,000

Asking price includes:

Fleet of 100+ Well Maintained Vehicles circa £472,500
20 Hackney Carriage Taxi Licence Plates ( total value circa £220,000)
Turnover circa £450,000 p.a.
Over 30 years successful trading
Multiple revenue streams
Retail & Business Clients
Ideal leasehold site
Fixtures and fittings
Training and handover
This established and reputable business was set up by the current owner over 30 years ago and provides a range of comprehensive vehicle hire services to both the general public and business customers. Its range of services includes:

 •   Taxi Hire. The business has some 20 hackney carriage licence plates and hires out these vehicles/plates to taxi drivers in the town. We are advised by the vendor each licence plate has a current market value of circa £11,000.

 •   Car and Van Hire. (Self drive). The company has one of the widest selection of vehicles for customers to choose from be it for commercal or domestic use and a strong and loyal client base. Vehicles in the fleet are modern, clean and roadworthy.

The current fleet size is circa 105 vehicles of varying classification within the mid range market. They include well respected and trusted marques. The fleet comprises cars, various sizes of commercial vehicles/vans and also 6 mini-buses.

The business enjoys a sterling reputation and benefits from having a high profile location and flexible opening hours.
Facilities:The business operates from ideal leasehold premises on a well know busy industrial estate with excellent accessibility to the town and beyond. The premises are modern and comprise several offices, kitchen, toilets. The site has both internal and external parking and is very secure. Rent is circa £24,000 p.a. rates circa £15,000 p.a. We are advised there is spare capacity within the site infrastructure.
Competition:Having established an excellent reputation for integrity, professionalism and reliability the business has never felt the need for advertising preferring to rely on the most cost effective form of marketing, word of mouth recommendation and referral. It does have a basic website but may benefit from further online exposure.
Growth Potential:The business has enjoyed steady growth over the years in terms of turnover, customers, profits and fleet. The taxi and van rental market is strong and is expected to continue growing in the short to medium term. This business has the market presence, knowledge and infrastructure to accommodate a significant increase in demand. The site itself could be expanded to offer additional services such as office rental and storage as it is ideally located. Furthermore the area in which the business is based has above average levels of disposable income and a strong local economy which will only help this business moving forward. The vendor currently runs the business on his own. It could certainly be scaled up with a more proactive approach to sales and more resource in place.
Training/Support:The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to new owners.
Sale Reason:The owner is looking to emigrate.
Ad #78482
Seller Reference #GP217
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Contact This Seller
Turner Butler
0044 1895256000
Email Address