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8118LE LEICESTER L\H£160000 LICENCED MINI COACH OPERATOR
Asking Price:
GBP 160000
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Business Location:
United Kingdom » Leicester » LEICESTER
Category:
Services
»
Travel & Transportation Services
Description:
Advent Business Sales are delighted to
offer to the open market this
extremely well established business
that has been trading within the same
family since 1961.
The current owner has been at the helm
since 1974 and has very reluctantly
decided to sell due to retirement.
Our client has achieved an enviable and
priceless local reputation for service
and reliability. The owners focussed on
high service levels and decided despite
many opportunities for huge growth to
keep the business at a certain
profitable level which satisfied the
family run concern.
The owner has many ongoing written
agreements in place and includes:-
Private school runs for the last 18
years
A daily county council school run
A contract with a large
manufacturer for picking and
dropping staff to 3 sites within
Leicestershire
Friday and Saturday night work for
a night club
School sports trips
Day trips to the seaside & private
events
The vendor has informed us of the
values which are approximately £97,000
with £20,000 worth of outstanding
finance which is being reduced with the
monthly instalments. The exact figures
will be verified at a later date to
serious parties as the instalments are
due to finish by October 2007,
December 2007 and August 2009 on
three different vehicles.
The business has 6 mini coaches. The
vehicles include:-
Three 33 seaters (Mercedes 814’s –
1996 & 1998 & 2004
Two 24 seaters (Mercedes 609 –
2002, 1998
One 16 seater Leyland DAF 2005
The business offers a genuine
opportunity to increase trade via more
marketing.
They decided to stop tendering as they
became extremely busy and it was too
much work to handle.
The vendor is willing to conduct a one
month familiarisation handover.
This is a superb opportunity to acquire a
genuine business with a priceless
reputation achieved by word of mouth
and also offering real opportunities to
increase trade. An early viewing is
highly recommended in order to avoid
disappointment.
TRADING HOURS
24/7 – as and when required.
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
2007 A/c’s: £209,496
Gross Profit: 53%
Net Profit: £46,359
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 secure yard with space for 3 vehicles
within a covered area. There is also
space for an additional 3 vehicles in the
yard.
Our client has a power jet wash, jacks,
compressor, a welder, tool box and tool
trolley as well as a diesel tank and axle
stands, tyres, spare parts, oils, cleaning
fluids. We are informed by the vendor
that this equipment is valued in the
region of £10,000.
TENURE: Leasehold
LEASE TERMS 3 years
LEASE REMAINING 3 years
Rent: £1,312.50 per quarter
We are advised that the annual business
rates are currently: TBC
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Financial Information:
Annual gross sales: (GBP)
209496
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
46359
General Information:
Business Area:
Year Established:
1974
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
No of trading hours:
24/7 – as and when required.
Reasons for selling:
reluctantly decided to sell due to retirement.
Contact Seller Now
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