GP170 -Well Established Minibus and Coach Hire Business
Business for sale
Asking Price:
£1,950,000
Turnover:
£1,500,000
Annual profit:
£300,000
Audited accounts:
Yes
Management accounts:
Yes
Business description
This highly profitable business was originally established by the vendor in 1996 as an owner operated business. Since then the company has grown to become the largest Midi-Coach company in Hertfordshire, with 25 vehicles, ranging from 16 seats, 23, 29, 33, 25, 40 and 51 seat coaches which compliment the fleet. The business re-located to the present site in 2004. Close to national road network, and in a great location for major growing population centres, the site offers space for the current fleet, workshop and office areas, with room for expansion.The business has developed a thriving client base of over 100 regular repeat customers. Originally focused on local private schools, the business now has the largest market share in this high value and busy contract sector. From this start, many corporate accounts have been won, along with local authority business. With a major marketing presence, and the flexibility to offer a range of bus sizes that other firms cannot compete with, the business also enjoys daily bookings from local businesses, tour operators and private residents covering a huge catchment area for a wide range of trips. These include airport transfers, corporate events, public sporting events, excursions to attractions and exhibitions, theatre bookings into London, and private function bookings.
The business has grown through recommendation, referral and a well-though out strategy to become one of the largest operators in the region. As such the business has been short listed for two recognised business awards.
The business enjoys being fully booked for the current staff and vehicle levels, with excellent opportunities for future growth in a number of directions.
Employee details
Fulltime staff:
27
Parttime staff:
0
