A Taxi Vehicle Rental Company operating in Bristol and South Gloucestershire.
Please note: The current owner is NOT a licensed Taxi Driver. owner solely licenses vehicles to rent out to Taxi Drivers!
The company owns 8 vehicles which is ever growing until the company is sold - the asking price stated above will increase as the fleet of cars increase. This is a turnkey investment. Currently turnover is in the region of £7500 per month - but this increases as the fleet increases.
A turn key investment which will make you money from day 1.
A lucrative investment with a very strong customer base and extensive brand awareness and word of mouth & RANKED NUMBER 1 ON GOOGLE. The company benefits from superb agreements with Advertising and operator agencies within the Taxi Industry, as well as amazing relationships with Uber Bristol, Bolt Bristol and Ola. Where we see a huge demand of referrals.
With outstanding relationships with local car garage and tyre replacement garages... the company has been built and ran very passively and seamlessly.
The cars are rented for a minimum of 6 months. 9 times out of 10. The driver will extend their contract way beyond their initial agreement.
Cars will rent between £190- £200 per week excluding insurance - the drivers must attain COMPREHENSIVE insurance providing company with Certificate and Schedule. Company is responsible for wear and tear but not issues caused by the driver. For example: Dents, Scratches, Punctured Tyres etc.
This company is VERY Lucrative. All figures can be provided upon Application and management accounts can be provided too.
We have a written contract which has been modified over the course of 3 years.
We have an excellent relationship with a central Garage who carries out yearly Services, MOT's and Repairs - this garage will invoice us monthly and accommodates us so well.
We have 6 Vehicles in the fleet.
Reason for sale: moving business interests
Marketing wise, we generate extensive amounts of website leads, quite a few leads from our PCO advertising company - we also are allowed as a company to advertise at the licensing offices where we do receive a lot of enquiries. Unfortunately, we receive a mind blowing amount of enquiries compared to the supply we have
So the next owner would benefit from growing the fleet to meet demand.
Over the past 3-4 years, we have never ever experienced a bad driver. They usually continue renting and always always refer us to their friends. Word of mouth amongst URENTAL is significant. A very well known company - who have built a convenient service with superb customer service.
This business is lucrative, extremely self sustaining and super passive.
The vehicles are kept in outstanding condition. With them all being Toyota - they last forever and rarely ever have problems. They are hybrids which generates a huge demand from drivers due to their fuel savings and reliability.
The next owner will see this as an incredible investment. To take this to the next level, it needs investment of even more cars. Everything else is in perfect order and will grow extensively when more cars are added to the fleet.
The operating expenses are minimal, licenses are per year and repairs typically yearly. Theres minimal risk involved.
The new owner will benefit from all cars being rented by the time they take over. I am happy to stay working on the business for 2-3 months to help with a smooth and seamless transition.
Drivers will upload all their proof of addresses, licenses, ID and utility bills.