Established in 1997 by the current owner who is now retiring – for many years, the business has specialised on fulfilling contracts for the local authority which involve providing transport for school children, social services and residential homes. Up until August 2014, the business achieved annual turnover in excess of £200,000 and net profits for the owner of approximately £50,000. Over the past 3 months or so, the owners has not tendered for new contracts and the turnover has reduced to its current level of £60,000 annually – however, it is now run by the owner with one driver and the contracts are for school runs only. The company is still on the local authority’s list of approved carriers and is regularly invited to tender for new contracts so a new owner can easily re-build the turnover and profits here. The asking price represents the value of the goodwill of the business, its trading name and licences. The vehicles are available by negotiation. The business owns 4 Mercedes Sprinters, 2 Renault Masters and 14 Licences (6 in use). Currently operating from commercial unit (of approximately 2,000 sq ft) which provides office, workspace / storage area. A new lease is available on this unit if the new owner wishes to continue running the business from here – or the business can be re-located to premises of the new owners choosing.
EPC Band E.
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