Location: Scotland
Asking Price: £1.6 million including Net Assets of £1.12m
Business highlights include:
Turnover: £1,600,000
Adjusted Profit: £310,000
Asking Price Includes:
Turnover of c. £1,505,000
Gross Profit of c. £1,098,000
Adjusted EBITDA of c. £310,000
£900,000 pa Local Government contract for 5 years
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 79 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.
Local Government contracts
The business has recently tendered for and been rewarded with Local Government contracts worth £900,000 per annum for the next 5 years. These provide an excellent and secured financial base for the business.
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. £1.505m
Gross Profit c. £1.098m
Adjusted Profit c. £310k
Asking Price:
The asking price of £1,600,000 is for 100% of the issued share capital of the company. Assuming net assets of £1,116,948 at completion (calculated on a zero cash-zero debt basis).
Reason for Sale:
Retirement
