Long Established Dorset Taxi Company For Sale

Business description

This long established private hire company has been trading for approximately forty years and is the best known taxi company in the region having around one hundred and seventy owner operators on its books.

Its success is based on quality and care of service. Its staff selection is rigorous, every driver must be a badge holder, and is subject to a criminal record check, a knowledge check and a health check. Their cars must be immaculately maintained.

Ongoing training is encouraged with every driver completing and NVQ in driver care, customer care and professionalism. This attention to detail and professional approach has resulted in the business having over a hundred account customers and securing ongoing contracts with the local county council and the regions schools

The key strength and attraction of this business is its single tariff policy which applies twenty four hours a day seven days a week with no uplift for late call outs, bank holidays or weekends. This is particularly effective in creating user loyalty.
.
Equipment:

The company has invested in Auto cab software that is recognised as some of the very best technology available in the market place.

The system facilitates a very high level of accuracy. It recognises the nearest cab to the customer. It logs contact details, pick up points and drop off points and can take card payments. In short it maximises time , territory management which in turn increase driver effectiveness and profitability. Every operative is charged twelve pounds + VAT for the system and £1 per job

Financial Information:

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.

This is a highly profitable operation which has seen consistent growth. Projected net profits for 2009 are in the region of £300,000. In 2008 the business turned over circa £740,000 and recorded adjusted net profits in the region of £250,000. Shareholders funds are around £100,000.

Property information

Property:

Freehold

Location:

The premises are well located in a key road into the town centre with strong passing traffic and footfall. The building has been extensively refurbished and will be available to lease or purchase subject to negotiation.

Other information

Competition / Market:

The business has a balanced advertising policy and uses a variety of mediums to maintain the public awareness. It is regularly heard on local radio, advertises in local magazines and papers and every car carries its branding.