Private Hire & Taxi Company
OVERVIEW
For sale is a high-profile, long-established family-run private hire and taxi company that has been established since 1979 by experienced private hire professionals with the aim of offering full-service private hire. The business operates with their own fleet of vehicles with the addition of owner drivers, all centrally managed with flexibility in vehicle size and class.
Name: Undisclosed.
Website: Undisclosed.
THE OPPORTUNITY
The business is available by way of a share sale to facilitate the transfer of the business to a new owner and allow the current vendor to pursue other business interests. The business has developed a tactile and user-friendly website that has been optimized for SEO functionality.
Current offerings are for a fully managed private hire service offered with the option of vehicle class, size, and driver preferences, with the addition of software for customers to track their driver and ETA.
The business is managed centrally from fit-for purpose leasehold premises, which will be made available for an incoming operator along with a number of vehicles included in the sale.
INDUSTRY OVERVIEW
The private hire and taxi industry in the UK is a crucial part of the country's transportation system. It consists of two main sectors: taxis (also known as hackney carriages) and private hire vehicles (PHVs).
The private hire and taxi industry in the UK is dynamic and multifaceted, constantly evolving with technological advancements and regulatory changes. It plays a vital role in urban mobility and continues to adapt to meet the needs of its diverse customer base while addressing contemporary challenges such as sustainability and competition.
SERVICES
Pre-booked Private Hire: Pre-booked private hire services with the option of driver preference, vehicle preference, including hybrid or electric vehicle, passenger car/MPV, etc.
Airport Transfers: Fixed pricing is available for customers looking to book an airport transfer to all major airports in the UK. Option of vehicle size and class.
Business Travel: The business offers business contract terms which align with the needs of small businesses and corporate customers, with monthly invoicing using a business account, allowing businesses and their employees access to flexible private hire travel.
MARKETING
The business actively markets itself through their fully optimized website, locally with selected outdoor marketing in key locations in addition to the sign-written vehicles, in addition to the extensive reputation the business has built locally over their history of operation.
OPERATIONS
The business directly employs 6 part-time employees and 30 self-employed drivers who operate on a zero-hour contract, ensuring flexibility for both the company and drivers.
The business operates from leasehold premises, which are held on a favourable lease.
The location of the business is central to getting to all areas within the area where they operate and provides space to store vehicles while providing a central base for the phone operators who coordinate the drivers.
GROWTH OPPORTUNITIES
The business is well-positioned to launch and capitalize on several growth opportunities in the service industry, including:
expanding into new geographic markets and broadening the client base and location offerings.
Enhancing technology platforms to further automate and optimize bookings.
developing strategic partnerships and collaborations to access new business opportunities, including partnerships with airport service operators and holiday travel agents.
offering additional value-added services such as wheelchair-accessible vehicles.
FINANCIAL INFORMATION
The business has seen consistent growth year on year in line with demand and the reputation of the business as a local, respectable, and dependable business to partner with.
FURTHER INFORMATION
Further information is available by speaking with us, and viewings are strictly by appointment only, as the sale of this business is strictly confidential.
For more information, please contact us.