Renowned as best in class for business travel, airport transfers and wedding travel, the company operates an executive fleet of vehicles, each of which can transport up to 19 passengers.
The business prides itself on its punctuality, cleanliness, reliability, and friendly service, which continues to attract repeat customers year-on-year.
Having built up a highly reputable company, our clients are now offering the business for sale to pursue other, unrelated interests.
Offers invited.
Key Highlights
- Operates a fleet of well-maintained, luxury vehicles, which includes the latest Mercedes 16-and 19-seaters.
- Has built an excellent reputation across its operational area, and has developed strong, long-standing relationships with local schools, local Government, and corporate event operatives.
- A multitude of contracts in place which are in place for the next five years.
- With a database of over 800 customers, the company currently works with circa 350 customers, half of whom provide reliable streams of ongoing revenue.
- Operates from leasehold premises in close proximity to the business’s primary routes.
- Utilises the services of an experienced and knowledgeable third-party Manager who oversees a team of certified and highly proficient drivers, providing a turnkey opportunity for an acquirer.
Financial Highlights
- Turnover in excess of £838k in YE23.
- Adjusted EBIDTA of £464k achieved within the same year.
- Consistent gross profit margin over the past three years, averaging 92%.
- Has contracts in place with more than half of its customers, which provides over £520k per annum.
- Asset value of £180k.
