Reputable Taxi, Car & Van Hire Company
Location : North Yorkshire
Asking Price : £750,000
This established and reputable business was set up by the current owner over 30 years ago and provides a range of comprehensive vehicle hire services to both the general public and business customers. Its range of services includes:
• Taxi Hire. The business has some 20 hackney carriage licence plates and hires out these vehicles/plates to taxi drivers in the town. We are advised by the vendor each licence plate has a current market value of circa £11,000.
• Car and Van Hire. (Self drive). The company has one of the widest selection of vehicles for customers to choose from be it for commercal or domestic use and a strong and loyal client base. Vehicles in the fleet are modern, clean and roadworthy.
The current fleet size is circa 105 vehicles of varying classification within the mid range market. They include well respected and trusted marques. The fleet comprises cars, various sizes of commercial vehicles/vans and also 6 mini-buses.
The business enjoys a sterling reputation and benefits from having a high profile location and flexible opening hours.
Reason to sell
: The owner is looking to emigrate.
Support and training
: The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to new owners.
: The business has enjoyed steady growth over the years in terms of turnover, customers, profits and fleet. The taxi and van rental market is strong and is expected to continue growing in the short to medium term. This business has the market presence, knowledge and infrastructure to accommodate a significant increase in demand.
The site itself could be expanded to offer additional services such as office rental and storage as it is ideally located.
Furthermore the area in which the business is based has above average levels of disposable income and a strong local economy which will only help this business moving forward.
The vendor currently runs the business on his own. It could certainly be scaled up with a more proactive approach to sales and more resource in place.
: Having established an excellent reputation for integrity, professionalism and reliability the business has never felt the need for advertising preferring to rely on the most cost effective form of marketing, word of mouth recommendation and referral. It does have a basic website but may benefit from further online exposure.
: The business operates from ideal leasehold premises on a well know busy industrial estate with excellent accessibility to the town and beyond. The premises are modern and comprise several offices, kitchen, toilets. The site has both internal and external parking and is very secure. Rent is circa £24,000 p.a. rates circa £15,000 p.a.
We are advised there is spare capacity within the site infrastructure.