Hilton Smythe is delighted to welcome to the market this thriving coach and bus hire business in north west England. The business have been in our client’s careful ownership since 1968 with the business becoming a limited company in 2004. Only now is the business offered to the market due to our clients` wish to spend more time with his family and explore other business interest. The business is open all year round and generates a turnover in the region of £797,000 per annum, with a gross profit of approximately 27%, the turnover and profits are increasing annually and are projected to hit £1million within 2 years.
The business is a large coach and bus hiring company who cater for schools, private groups, corporate customers, contract customers and travel over the UK and Europe. The company has generated a vast loyal customer base and has gained a great reputation, seeing much repeat trade. An excellent website is already in place for the business, which advertises what they can offer.
The business currently consist of 6 coaches and 4 double decker buses. When not on the road the vehicles are kept and maintained in a well-equipped industrial unit/yard.
Our client has advised us, they are willing to help the new owners with the business after completion. They also would consider selling the business only and retain the property to rent to the purchaser or a third party. This would could be an ideal business to merge into an existing local or national company in a similar field of business, Equally the business could be transported to other premises if required.
We feel the turnover could be expanded with capital injection, increasing the size of the fleet and regional or national expansion. This is an excellent opportunity for a new owner to take this long established and thriving business to the next level; therefore early viewing must come highly recommended.
Coach & Bus Hire Business, located in North West England.
Large modern industrial unit
The unit comprises of:
Large garage with workshop and pit
Industrial vehicle lift
4 Roller shutter doors
45 foot container – storage
Mezzanine floor used for storage but capable of conversion – extra office space etc
The business currently consist of 6 coaches and 4 double decker buses – All fitted with CCTV.
industrial coach lift
Office furniture and computer equipment
External and Security
Large yard capable of parking all the vehicles
CCTV & alarm systems
We are advised Freehold.
The business is open 7 days a week 24 hours a day.
The business is owner run and managed, with help from 4 full time and 6 part time staff members.
The business generates a turnover of £900,000+ per annum, with a gross profit of approximately 45%.
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