Location: Scotland
Asking Price: £1,200,000 + Net Assets
Business highlights include:
Turnover: £1,600,000
Net Profit: £415,000
Asking Price Includes:
Turnover of c. £1,600,000
Gross Profit of c. £1,462,000
Adjusted Net Profit of c. £415,000
Over 35 years trading
Super Large fleet of cars and mini buses
Fully equipped garage and workshop
Long-time established corporate contracts
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share capital of
this long established corporate taxi and coach hire business.
Business Profile:
With over 70 vehicles in use this long established corporate vehicle hire business
represents possibly one of the largest fleets in Scotland. Complete with a fully equipped M.O.T garage and workshop.
Customer Service:
The business has prided itself on exemplary customer service. This is borne out by the
continual renewal of corporate contracts.
Key Strengths:
The business has been trading for over 35 years. The workforce has been historically
very stable and operates this fleet of over 80 vehicles smoothly and efficiently.
Financial Performance:
The goodwill in 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.
Turnover c. £1.6m
Gross Profit c. £1.46m
Adjusted Net Profit c. £415k
Asking Price:
The asking price of £1,200,000 plus net assets is for 100% of the issued share capital of the company. Assuming net assets of £520,000 at completion (calculated on a zero cash-zero debt basis).
Reason for Sale:
Retirement
