Established Taxi Service In The South West For Sale

Business description

This is a well run and very established taxi business located in a thriving seaside market town. The business is Council licensed and operates ten cars .The business has a completely unique and totally memorable telephone number which brings in significant business.
All drivers are employed with most having been with the business for many years. Drivers work an average of 35-40 hours per week and two of them double as controllers when required. The husband and wife owners both work in the business and split shifts. The business is open from 7am-1am Sunday-Thursday and 7am-3am Fiday and Saturday.

Because of its unique phone number the business enjoys many regular customers and does everything from the school run to on-street hirings, to late night rides home.

The fares are set each two years by the Council and a fare increase is due imminently and which will improve margins considerably.

The control room is located on an industrial estate near the town centre and overheads are kept to a minimum to maximise the profits.

The business owners have dabbled in wedding hire but there is a significant opportunity to expand this area of business.

There is a fleet of ten cars included in the sale price of which one is regsitered in 2005 and the other nine registered in 2003. The value of the cars is estimated at £25,000

Property information

Property:

Leasehold

Lease terms:

£4300 pa

Location:

industrial estate of bridport

Other information

Expansion potential:

wedding hire

Competition / Market:

long established

Reasons for selling:

retirement

Trading hours:

early am to late pm

Furniture / Fixtures value:

£25,000 (included in the asking price)