Established & Highly Profitable Luxury Coach Hire/travel Company for Sale
Leasehold : £ 1,200,000
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.
Established & Highly Profitable Luxury Coach Hire/Travel Company
Location : Edinburgh
Asking Price : OIRO £1,200,000 (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 16-53 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 well-thought 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.
||As required but has a 24 hour emergency number.
||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.
||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 £25,000 p.a.