Hilton Smythe is delighted to welcome to the market this well-established and busy coach and taxi hire business with a fully equipped MoT garage in Lincolnshire.
The business was established by our client in 1998 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business operates as and when needed and generates a turnover in the region of £270,000 per annum, with an excellent gross profit.
Our client offers coach and taxi services and currently has four school contracts, using self-employed drivers. The business is set on circa one acre site with vehicle parking and a purpose built, fully equipped bus garage, office and toilet block. Also included within the sale is a separate detached house with two lounges, kitchen/breakfast room and three bedrooms.
The business has a fleet of vehicles included within the sale, which include two minibuses, four cars and eight coaches, as well as seven Hackney taxi plates (worth £5,000 each), eight bus discs and two special telephone numbers.
The business has built up an enviable reputation within the industry for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the excellent service offered. A new owner could also provide MoT testing services to third parties, as this is the only class 7 MoT garage within the area. We feel the business would benefit from the launch of a website to advertise the service offered.
This is an excellent opportunity for a new owner to take this already thriving and busy business to the next level, or it could be a fabulous bolt-on for a similar existing business; therefore early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised freehold.
HOURSThe business operates as and when needed.
STAFFThe business is owner run and managed with one staff member.
FINANCIAL PROFILEThe business generates a turnover in the region of £270,000 per annum, with an excellent gross profit.
This coach and taxi business occupies substantial premises, set in approximately an acre plot within a town in Lincolnshire. The business is located within a mainly residential area and is surrounded by scenic countryside views. The business benefits from spacious vehicle parking facilities to the rear of the premises.
The area of the business is served by the public transport system, with bus stops within walking distance of the property. The nearest railway station is approximately 5 miles away. The area is also well served by the A-roads, with two being within easy driving distance, which link to the national A-road and motorway networks.
Circa one acre site with vehicle parking, a purpose built class 7 MoT garage, with a full length bus pit and a detached three bedroom house, briefly comprising:
Garage/workshop (category B building for MoT testing up to class 7 with:
2 x 4.2 metre roller shutter door.
11 metre x 1.2 metre pit.
Rolling road/break test.
28 tonne portable jack.
Two post ramp.
50 tonne press.
2 x compressors.
2 x pit jacks.
9.4 kilowatt solar panels on roof.
Separate office building.
Separate toilet block.
Detached house with:
2 x lounges.
Utility with sauna and shower room.
2 x double bedrooms.
16 x solar panels on the roof.
Drive to side of house leads to garage, yard and parking area.
The house has private gardens and outbuildings, currently used for storage.
7 x Hackney taxi plates (worth £5,000 each).
2 x minibuses.
4 x cars.
8 x buses.
8 x bus discs.
2 x special phone numbers, both valued at £12,000.