Highly Regarded Jersey Taxi Company For Sale

Business description

Highly successful taxi company with superb reputation. Extremely efficient and very profitable. 17 full and part time drivers in total. One full time company driver and six part time. Six full time owner drivers and four part time. Fully equipped back office with state of the art systems. 70% of turnover from regular customers. Sale by share transfer. Price includes net current assets of £48,285

Property information

Location:

Operates from St Brelade covering the whole Island.

Other information

Expansion potential:

Our client has worked hard to develop the business to its current healthy state. He believes, however, that there is still considerable scope to expand the company, either by organic growth or by acquisition. Jersey is an extremely affluent island with a bouyant economy where service industries are in great demand and always do well.

Competition / Market:

There are, of course, a number of taxi companies operating in Jersey, both large and small, but our client has been able to grow his business, year on year, because of his personal service and his high levels of punctuality and reliability.

Support & training:

Full assistance in an orderly handover.

Reasons for selling:

Our client wishes to retire.

Financing available:

Yes, subject to status, from Barclays International Corporate Banking

Inventory / Stock value:

£48,285 (included in the asking price)