Major Executive Coach Hire Business For Sale

Business description

This excellent coach hire company has been long established by one family and is a major player in both of its regional markets.

The business runs 14 coaches from a city base and 12 from a rural base. Turnover is also split between the two locations with the first generating £1.4m and the second £629k.

The business offers private hire for which they are the preferred supplier for a number of companies and organisations. Their reputation means they are always on local tender lists and could easily double their turnover in summer months with access to a larger fleet.

Contract work is mainly with local authorities to provide school transportation. Currently there are 23 contracts or around 3 years duration with mixed expiry dates. This work accounts for around £750k of the annual income.

The combined financial figures for both sites are:
Turnover £2,057,000
Gross Profit £613k
Adjusted EBITDA £384k
Revised Net Asset Value £420k

This business gives an existing operator an ideal opportunity to enter two successful markets (city & rural) that would otherwise be costly to enter. The existing owners are willing to remain as required bringing their skill and pride in the brand to the new owners and ensuring its continued success.

Please contact The Business Partnership full sales details and financial breakdown.

Property information

Property:

Leasehold

Lease terms:

The main site has a 25 year lease with rent of £30k p.a. and rates of £10,767 p.a. The lease is due to expire in 2010 but there is a right to renew.

Location:

The main site is just north of the city centre and convenient for all major road links. The branch site is in a rural location on a more modest scale. Full details are available on request.

Other information

Support & training:

A full handover will be arranged with the current owners prepared to continue working within the business if required.

Trading hours:

As and when required.