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CQ071-London-£795,000-Wedding Chauffeur Car Hire

Asking Price: GBP 0
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Business Location: United Kingdom » City of London » London 
Category: Services » Travel & Transportation Services
Wedding Chauffeur Car Hire
Genuine Vintage Vehicles

Confidentially offered for sale
Ref No:CQ071
Location: London

Asking Price £795,000
This market leading chauffeur drive service was established by the current owner more than twenty five years ago. It is now recognised as the vintage and classic vehicle wedding chauffeur drive service of choice in London and South East England.

The company is renowned for providing premium service and pricing is firmly within the upper quartile. No bad debt is ever suffered as all clients pay a deposit at time of their booking, with the balance being paid three or four weeks prior to the event.

All business is for wedding hire and, in consequence, most sales are generated from April to October. Circa 500 bookings per year are curently enjoyed.

The wish to dispose of the company due to retirement creates a rare opportunity for a new, knowledgeable owner to take this solid business on to the next level. There are considerable opportunities for expanding the company's revenues and profits in new market areas.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
Net Profit: (GBP)
Total profit before taxes
General Information:  
Business Area: no
Year Established: 1982
Is Relocatable?:
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Reasons for selling:
This is a genuine retirement sale. The current owners, now in their 70s, are looking to dispose of their interest in the business to enable them to retire.
Market competition and expansion:
Much new business is generated through referrals and direct ‘word of mouth’ recommendation. The company has however always recognised the importance of advertising and marketing in driving business success. The company operates a professionally designed, maintained and hosted website, which serves as a major ‘shop window’ for the business. In addition advertisements are placed in Yellow Pages™ and on™. Advertisements are regularly placed in bridal and wedding magazines. The company has an exhibition stand which is used at bridal fairs at local venues. This is also successful in sourcing new bookings
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