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8830NG NOTTINGHAMSHIRE F\H£495000 FREEHOLD TAXI COMPANY

Asking Price: GBP 495000
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Business Location: United Kingdom » Nottinghamshire » NOTTINGHAMSHIRE 
Category: Services » Passenger Transportation
Description:
LOCATION
Our client is based in the affluent and highly sought after town in Nottinghamshire, which services
the surrounding areas.
The property is ideally situated with Newark town centre less than a mile away. There are excellent
transport and road links, with the train station only 300 yard away and the busy A1 and A46 road
networks only 100 yards away.
ASKING PRICE:
FREEHOLD: £495,000, ( INCLUDING VEHICLES).
THE BUSINESS
Advent Business Sales have been instructed
to offer for sale this well established and
successfully taxi business, which has been
trading since 2001 under the current vendor.
Due to retirement plans, this ready made and
profitable business is reluctantly offered for
sale.
Our client services all local areas but the
main stay of business comes from regular
contract work with Nottinghamshire County
Council in providing services for Social
Services, hospitals, schools, nursing homes
and for clients with special needs.
All vehicles have passed the necessary
approval tests and have Hackney
plates/licences.
The vehicles include:
 2 x Volkswagon Passat 04 plate
 1 x Long wheel base transporter 56
plate
 1 x 7 seater 06 plate
The business operates from home and the
premises are licensed for four vehicles.
Advertising has increased turnover with
regular mentions on the local radio, as well
as regular advertisements in the local paper
in addition to the Thompsons local.
The business has 3 full time and 2 part time
drivers in addition to the 2 vendors and all
drivers work on 40% payment basis on
turnover.
REF NO: 8830 NN
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £120,000
Gross Profit:
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A well presented 3 bedroomed detached
bungalow, which is licensed to operate 4
vehicles, double glazed and with the added
security of an operational alarm system.
Ground Floor
 Enclosed upvc entrance porch
 Hallway
 ‘L’ shaped lounge 25’6 x 16’4
narrowing 9’10
 Door to kitchen
 ‘L’ shaped 18’2 x 13’5 narrowing to
11’4
 Good range of attractive base and
wall units with complimentary
work surfaces and tiling, with all
necessary plumbing and electrical
requirements
 Fully fitted family bathroom
 2 x double ground floor bedrooms
First Floor
 attic room
External
 The front garden has gravel border
enclosed by attractive brickwork
and railing
 High iron gates give access to the
driveway which leads to the rear
office, which is fully equipped with
all necessary needs to run a taxi
business
 The driveway is fully secured
 The rear garden has a raised patio,
lawn and sheds
 Side pedestrian access to the front
TENURE: Freehold
We are advised that the annual business
rates are currently: £1300
 
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Financial Information:  
Annual gross sales: (GBP) 120000
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 2001
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 3FT\2PT
No of trading hours: As and when required
Reasons for selling:
 Due to retirement plans, this ready made and profitable business is reluctantly offered for sale.
Market competition and expansion:
 The potential to grow the business and increase revenue could be achieved by increasing the fleet size as the reputation of the business is second to none in the area and the demand for extra local authority work and airport runs would realise a further growth in turnover. A superb opportunity to purchase a profitable and reputable business which operates from an immaculate and deceptively spacious detached property within walking distance from Newark town centre.
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