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AM101-Self Drive Motor Vehicle Hire Company

Asking Price: GBP 225000
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Business Location: United Kingdom » Lancashire » Lancashire 
Category: Services » Travel & Transportation Services
Description:
Self Drive Motor Vehicle Hire Company
Ref.AM101
Location Lancashire
Asking Price £225,000 plus Fleet (If Required)
This highly profitable and reputable business was set up by the current owner some 10 years ago and in that time has positioned itself as the leading vehicle hire company in the town it serves, and beyond. The company has one of the widest selection of vehicles for customers to choose from be it for commerical or domestic use and a deep and varied client base to suit. All vehicles in the fleet are modern, clean and have limited mileage. In fact nearly all such vehicles are less that 12 months old. This gives the business a real edge in the market and this is packaged with extremely competitive rates.

The current fleet size is circa 100 vehicles of varying classification. They are all leased and the vendor is happy to offer them to a new owner or dispose of himself.

Approximately 65% of turnover comes from the general public with the remaining 35% being commercial clients. Clients include the local council . The business is also a United licensee (Six Kenning who are the largest supplier of rental vehicles in the UK) and has ongoing licenses which they own outright for 8 unique post codes within the town. This ensures high levels of repeat business and profitability throughout the year.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: N.A.
Year Established: 1998
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Monday – Saturday: 0800-1800,Sunday: 0900-1200 (Only just recently)
Reasons for selling:
The vendor wishes to spend more time with his young family . He also has several other business interests he wishes to develop further.
Market competition and expansion:
The company advertises in all the local directories and local papers. I also has its own website. It does little in the way of direct mail and would benefit from further development of its client database and a proactive sales and marketing strategy to maximise the opportunities at its disposal.
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