Private Hire Cars Company - Somerset
Guide Price : £155,000
Business Reference No. 12723
- Very long and well established
- 5 company owned vehicles – 3 cars and 2 MPVs (driven by company employees) plus 3 owner driven vehicles (who work solely for the subject company) with 2 cars and 1 MPV
- All company vehicles owned outright (no finance) and changed every four years
- Excellent name and reputation
- Extensive customer base with many regulars and ‘blue chip’ companies including 3 major contracts
- Turnover around £200,000 p.a. (Net Profit £70,000). The 2019/2020 financial year is expected to see the business achieve somewhat higher figures
- Business operated by husband and wife company directors from their home and therefore offered for sale on a relocation basis
- Owners willing to assist new owner for an agreed handover/training period to ensure smooth and successful business transfer
- Attractively priced to encourage early sale (to enable owners to semi-retire)
THE BUSINESS : Established approximately 60 years ago and acquired by the husband of the current husband and wife owners in 1991 (as a sole trader at that time and only the second owner of the business), his wife joined him in a business partnership in 1995 and the business was incorporated in 2014 with the husband and wife then becoming directors and the only shareholders of the company.
The company’s business is operated from the directors’ home in Street, Somerset and is therefore offered for sale on a relocation basis. It is relatively easy and straightforward to manage, due mainly to the fact that it is so well ...
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