Hilton Smythe is delighted to welcome to the market Mikes Airport Cars. The business was established by our client in 2009. The owner is now looking to sell the business due to the desire to focus on other business interests.
The business runs as an airport taxi hire service with 90% of transfers being holiday makers heading to Heathrow and Gatwick airports. This is a great service that is highly popular in this location. We are advised that the owner charges around £55 to Heathrow airport. The services are well priced and affordable, this is highly attractive to customers.
We are advised the current annual turnover is around £50,000 - £60,000, with a gross profit of approximately 67%. The current cost in fuel is £12,000 - £15,000 per annum.
We feel this business could be expanded further. The new purchaser should look to recruit another driver and also increase the amount of vehicles they have. This will allow for more transfers, therefore a boost in income.
This business is well known in the area and receives a generous amount of repeat loyal trade. The service sponsors the local under 18’s Ice Hockey team; the team shirts have the business name written on, the business has a 4 year deal with this team. We also believe the business sponsors Havant local football team from which the deal is renewed yearly.
The hire service does receive some custom from the website www.mikesairportcars.co.uk which promotes the business well. There is also a Facebook and Twitter page which are regularly updated, and generate most custom.
This would be a brilliant opportunity for a buyer with a minibus looking for a side business. Our client will accept a sensible offer for the mini-bus, trailer and child seats as they are not included in the sale price.
We are advised that the service does offer long distance journeys and seaport transfers.
This is a fantastic profitable business perfect for a purchaser looking to run their own successful business. This would also make a great bolt-on opportunity. Hilton Smythe highly advise early viewing to avoid disappointment.
Mikes Airport Cars is currently located in Havant, Hampshire.
The business is currently run from our clients home and could be relocated anywhere nationwide. This is a great area for the business as most of the trade is for transfers to Gatwick and Heathrow airport. There are several airports within a short distance from our client’s home in Havant.
We are advised this is a business only opportunity.
The business is open when required. This is an all year round business with flexible hours.
The business is run and managed by our client.
The business generates a turnover in the region of £50,000 - £60,000 per annum.
With a gross profit of around 67%
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