Veritas Business Sales are delighted to offer for sale this outstanding Airport Transfer & Private Hire Taxi business which is located at Cornwall Airport, just outside the popular Cornish holiday town of Newquay. Coastline Travel is the only official taxi provider at the airport and was established 10 years ago and has been in the careful hands of our clients for the since 2014. Reluctantly the business is now being offered for sale so that our clients can concentrate on other business interests. Since ownership they have continually invested in their fleet of vehicles and trailers which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is completely owner operated and employs the help of 2 full time and 1 part time members of staff along with 25 self employed drivers. Year ending February 2018 posts an annual turnover of £491,659 with a gross profit of £287,958, returning a high net profit. Coastline Travel operates all year round from the arrivals hall at Cornwall Airport and is the only official taxi provider for the airport. Also offering a local taxi service for Mawgan Porth, Watergate Bay, St Mawgan, St Columb and the surrounding areas and have secured a number of contracts with various companies within the South West. We believe that there is further potential to increase revenue should you wish. The Airport routes are ever expanding and there are many commercial contracts that have yet to be explored. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity for any existing operator to expand by acquisition and purchase an established company which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Newquay is a town, civil parish, seaside resort and fishing port in Cornwall, England. It is situated on the North Atlantic coast of Cornwall approximately 20 miles (32 km) west of Bodmin and 12 miles (19 km) north of Truro. The town is bounded to the west by the River Gannel and its associated salt marsh, and to the east by the Porth Valley. Newquay has been expanding inland (south) since it was founded. In 2001, the census recorded a permanent population of 19,562.
Original Length: 3 years + 2 optional years
Remaining: 2 years 6 months + 2 optional years