Business for sale in United Kingdom – Surrey – County of Surrey – Gp175-coach hire company

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Business for sale in United Kingdom - Gp175-coach hire company

Asking Price: 300,000 £ Real Estate: Lease
Sales Revenue: 760,000 £
Net Profit: 105,000 £
Year Established: 1996
Employees: 7FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Surrey/Surrey

Business types:

Transportation & Warehousing

Business categories:

Bus Companies

Business description

established over fifteen years ago, operating from its current location for the past five and acquired by the current owners in 2007, this surrey based business is one of the leading coach operators in its catchment area. Operating from very well suited premises affording easy access into central london and across the south east via the m25, m3 and a3 motorways, this business operates a fleet of 9 vehicles including small, single deck and double decker coaches available for hire by private and institutional customers. Capacities range from a 25 seater mid range coach to a high capacity 77 seater double decker coach whilst the business also has several mid range coaches available which seat between 51-55 people. Operating predominantly in the south west area of london, the bedrock to the business is the work it carries out for the local educational authority and several local schools in its area. For a number of educational institutions this business operates the ‘school run’ on a daily basis, building on these relationships with additional school work – taking pupils to and from the local swimming pool, to and from sporting fixtures for example, enabling the business to maximise its fleet utilisation throughout the normal working day. Approximately 60% of the business’s turnover arises from the educational sector with the remainder coming from ad hoc bookings from local sports clubs, ‘corporates’ and private bookings for weddings and other social events, national tours and holidays. The cornerstone to the success of this business is its excellent reputation for reliability, safety and punctuality. Coaches from this business run on time all the time. Safety is most important with all coaches fitted with approved and certified safety belts. All vehicles are maintained to a high standard, to full government specification and legislation whilst highly experienced drivers ensure particular attention is given to ensuring the comfort and safety of all passengers.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: The current Owner wishes to pass the business on to new owners
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: There is approximately four years remaining on the lease. Rent is currently £58,500 per annum with Rates of approximately £22,000 per annum.
Location: The business operates from very well suited premises including modern office accomodation and a small on-site workshop and a four post ramp used for minor repair and maintenance. With a total footprint of approximately 5,250 square feet there is on-site parking for nine coaches and four cars. The premises are leased and situated on a modern, major Business Park very close to excellent transport links into central London and right across the south east.

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