Limousine Hire For Sale

Business description

Key Points:
Significant booking pipeline
Limousine Stock of c. £280,000
Operates from secure 3,800 sq ft warehouse and offices.
Fully licensed for Liquor Sales, Late Night Refreshment, Recorded Music & Films
2008 Turnover c. £448,000 gross profit c. £207,000, Adjusted Net Profit c. £68,000

Business Activities:
The business was established in 2003 when the vendors imported a limousine from the USA. The company has grown steadily over the last 5 years, showing a strong year-on-year increase in turnover.

The customer base comprises of both the general public and corporate clients, with the majority of bookings being driven through the company?s website. Located in the SE the business is able to capitalise on both regional and London business, providing packages that range from minor?s ?Prom Night? specials to race days and theatre packages. Fully licensed by the local authority the company is able to provide customers with recorded music and film, as well as alcohol, including late night refreshments.

As is general practice in this industry sector the drivers are self-employed and paid an hourly rate dependant on the licence requirements for the vehicles being driven. The office staff and valet are employed on a PAYE basis whilst a resident mechanic, responsible for minor repairs etc., is employed as a contractor.

The business is located in 3,800 sq ft leasehold premises comprising of warehouse and office space. This provides secure parking for the fleet and has CCTV and a police linked alarm system in place.

The business boasts an impressive fleet, including a number of vehicles with capacity for carrying up to 16 passengers. The fleet is being made available along with the business and the vendors advise the vehicles have a conservative resale value of c. £445,000. In the event a trade buyer wishes to acquire only the trading company and not the vehicles the vendors are willing to consider retaining some or all of them for private sale.

Sale Basis:
To receive further information on this business please click "Contact Seller" at the bottom of this page. We will then automatically send you our Non-Disclosure Agreement (NDA). You will need to print and complete this form and return it to the address on the form. We request this document to protect the confidentiality of our clients.

We unfortunately will not be able to contact you with any further information until we receive this Non-Disclosure Agreement through the post.

Could you also please ensure you add the seller reference number of the business to the NDA so we can identify your business of interest. The reference number can be found at the top left of the business advert and is normally four to five numbers.

We look forward to receiving your Non-Disclosure Agreements.

Property information

Property:

Leasehold