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Business for sale in United Kingdom - Gp170-well established minibus and coach hire business-hertfordshire

Asking Price: 1,950,000 £ Real Estate: Ownership
Sales Revenue: 1,500,000 £
Net Profit: 300,000 £
Year Established: 1996
Employees: 5FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Hertfordshire/Hertfordshire

Business types:

Transportation & Warehousing

Business categories:

Bus Companies ; Other Transportation

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. Equipment: alongside the fleet of vehicles, the company operates a fully automated customer relationship management system. It has also invested in a well laid out and easily found website, offering online booking. There is an internal telephone system which assures that no enquiry goes un answered, and the company records and accounts is fully computerised and integrated. Customer service: the business prides itself on the highest quality customer service at competitive prices, not marketed as the cheapest, rather as the best. Each vehicle has company livery, and all the drivers are always fully uniformed to instil pride in the team, and confidence of a professional service to all customers and clients. The company focuses on answering enquires in a very timely manner, and with the range of vehicles to hand, they can meet all demands with a very flexible service. Vehicles are cleaned and inspected daily, and feedback is requested continually. The stream of feedback sent in allows the management can continue to surpass expectations, and answer any key issues to retain business once it has been won. Key strengths: the range of vehicles that the company can offer represents a service that has no direct competition offering the full compliment. The business is located next to a major town north of london, and close enough to the capital and other growing population centres to have a huge potential market to serve. The marketing and branded has been established for over 10 years, which means the company is at the forefront of people’s minds when thinking of a hire company in the region. The marketing is focused, and the online presence and search engine optimisation drive even more customers away from the competitors and to this business in particular. Growth and expansion opportunities: the business is primed ready for the next stage in development. With marketing further a field, the business can serve a huge area. They have successfully won lots of regular school business, and some local authority business such as nhs and other council services. This can be expanded with a direct marketing push. The business has offered limited international excursions, which can be expanded on. The vendor feels that with the right business mix, they could cross-over successfully into the regular time-tabled bus / coach business to compete on all fronts and cover a much larger playing field. The current operations are booked to capacity, however with further investment in marketing and promotion, the site can handle further additions to the fleet and workforce.

Additional information

Additional information: Not Disclosed
Support & training: The Vendor will assist in ensuring the business is transferred to new ownership in a successful manner, and will consider a long term contract to consult with the business in an on-going capacity.
Reasons for selling: The current owner believes 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.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 1 £
Location: The business is operated from a ½ acre freehold site in a light industrial park. On-site is parking for all vehicles, 2 Portacabins for office and staff space, with separate toilet facilities. There is a brick workshop area, which houses all tooling and can easily be extended. The Vendor purchased the freehold for approximately £620,000 in 2004. Currently the business rents the space from the Vendor for around £35,000 per annum, with business rates payable at around £16,000. The Vendor is open to negotiations to leasing the premises to a new owner, or selling the freehold with the business. The value is to be determined independently at point of sale.

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