Hilton Smythe welcomes to the market Blunsdon Coach Hire, originally founded by our client in 1977, with a well established loyal customer base.
The business has several contracts with local schools which have recently been renewed and valued at around £195,000. The business holds 8 national discs, 6 of which are active and 2 are in reserve, which are not renewable until 2019.
Included in the sale are 6 coaches:
2010 Cummins King Long - 49 Seats
2009 Scania Irizar i4 - 59 seats
2004 Scania Irizar - 53 seats
2004 Volvo Plaxton B7R 53 seats
2003 Mercedes Neoplan - 53 seats
1990 Volvo B10 - 53 seats
The current coaches are valued approximately over £200,000 and one of the coaches being worth £72,000.
We are advised that there is scope to increase the contract value by around £40,000, perhaps by expanding the private hire, holiday tours or by increasing coaches on the road to 8. We feel that with an injection of marketing and the introduction of a website would pay dividends.
This is a fantastic business opportunity and our client is happy to work alongside the new purchaser for a period of time offering assistance or would be happy to work as either the Transport Manager or as a Driver.
Blunsdons Coach Hire operates from a secure compound in the town of Witney, in West Oxfordshire.
The area has excellent road links with the A40 connecting the town to Oxford City Centre only 12 miles away, and the M40 motorway just beyond, however the business could easily be relocated if required.
The business is in an ideal trading position close to the carriageway and within 30 minutes from Oxford city centre and several schools in the locality.
The coaches are currently kept in a secure compound in West Oxfordshire, leased for £2750 per quarter. Our client also rents out 5 yard spaces for £550 per month.
There is a portable cabin on site with office, kitchen and toilet facilities; however, the business could easily be relocated if required.
We are advised Leasehold.
The business operates as and when is required.
The business is owner run and managed with the assistance of 5 members of staff.
This highly profitable concern reports a turnover at £306,000, with reported gross profit at 36% as per 2015 accounts.
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