Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. Established & Highly Profitable Luxury Coach Hire/travel Company

LISTING DETAILS
Firms For Sale ID:
34899
Vendor reference:
GP226
Vendor website:
     
Printer Friendly
      
Contact Seller
      
Goto Website
More Like This
      
Email Search
      
Add Notes
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£950,000  
Turnover / revenue:
£764,000
Net profit / cashflow:
£186,000
Years established:
20
Trading hours:
As required but has a 24 hour emergency number.
Employees / staffing:
This is a family run business. The vendor is very much hands on and runs the business on a day to day basis. The business employs a team of full time drivers and administrators, as well as further part time drivers. There are a number of key staff within the business who can run things on a short term basis should the vendors be away. Most staff have been with the business for a number of years. They have proved to be reliable, conscientious and a real asset to the business. The vendor prides himself on offering an employment approach that breeds loyalty and best service practices.

OTHER DETAILS
Reason for selling:
After 20 successful years growing the company from scratch to the present trading levels, the current owners believe the business can best be taken to the next level by someone with fresh energy levels and ideas for new investment or business cross-over opportunities. The vendors are also planning their exit with retirement pending.
Support and training:
The vendor will assist in ensuring the business is transferred to new ownership in a successful manner, and will be happy to stay on to consult with the business for a further extended period should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business is operated from a large 2 acre site which is modern and clean. On site is parking for all vehicles. Location is ideal being close to the airports with excellent access to the major conurbations and road network. The Vendor is happy to provide a suitable lease to a new owner subject to negotiation. Current Asking price is based on a rental to a new owner circa GBP 25,000 p.a.
 
Image Not Found
 
 
 
Image Not Found
BUSINESS DESCRIPTION
Established & Highly Profitable Luxury Coach Hire/Travel Company
Ref. GP226
Location : Edinburgh
Asking Price : OIRO GBP 950,000 (inc.Net Assets)
This highly profitable business was established by the vendor over 20 years ago and since then the company has grown to become one of most respected and trustworthy coach hire companies in the Edinburgh region with a modern fleet of executive vehicles. The business is ideally located, close to both Glasgow and Edinburgh airports and the national road network, and is in an ideal location to serve 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 across a variety of sectors, many of whom are highly desirable blue chip organisations providing high levels of repeat business. The business is particularly strong in the tour operator/holiday company sector but is not over reliant on any one client, having a good spread of regular clients, large and small. With a major brand presence, and the flexibility to offer a range of coach sizes (typically 1653 seats) that other firms cannot compete with, the business enjoys bookings from local businesses, tour operators, public sector bodies 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 and private function bookings.
The business has grown through recommendation, referral and a wellthought out strategy to become one of the most respected and profitable operators in the region. As such the business has grown year on year both in terms of market share, asset base (fleet) and profitability. This trend is expected to continue moving forwards.
The business enjoys a strong order book for the current staff and vehicle levels, with excellent opportunities for future growth in a number of directions.

Expansion Potential
The business is primed ready for the next stage in development. The current owners have developed and grown the business very successfully to date but believe the business would benefit from a new injection of energy and business acumen to maximise the many opportunities that exist.

The current operation could easily be expanded. With further investment in marketing and promotion, the site can handle further additions to the fleet and workforce.

Market / Competition / Non-Competition Agreements
The business was originally grown through direct marketing and promotion efforts of the vendor. Since then there has been some investment in print and website. The company also benefits from social media presence.

With a constant focus on customer feedback, and direct response, the client database has grown with the company.