Hilton Smythe welcomes to the market Blunsdon’s coach travel founded in 1977, with a well established loyal customer base.
The coaches are available for either school contracts or private hire. The business is a national operator with 8 operator discs issued by The Ministry Of Transport.
The business has 4 home to school contracts with additional swimming sessions and after school clubs.
Included I the sale are 5 coaches ranging from 2003 to 2014. All insurance is paid up until April 2020.There is scope for expansion as contracts are often put out for tendering.
There is a website available.
This is a fantastic opportunity and our client is happy to work alongside the new purchaser for a period of time offering assistance, and to act as the Qualified Transport Manager, until the new buyer can take the required examinations.
Prospective buyers should be aware that this is very much a hands on company and is not likely to be a straight forward office job. Because of the nature of the business there is a requirement to have a professionally qualified Transport Manager ( CPC in Public Service Operations ) at all times. Either by the prospective buyer undertaking the examination themselves or by employing a suitable person to take up this role.
Prospective buyers should be aware that this is a Sole Trader business so that the buyer would have to register as an Operator with The Ministry Of Transport. The coaches can betransfered on sale but not the license. Though this is a small paperwork exercise with little expense.Location
The business is located in the town of Witney, 10 miles west of Oxford, with good road routes in and around the area. The coaches are parked in a lockable compound on in industrial estate.The location is ideal for the school transport contracts.
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 coaches are parked in a lockable compound on an industrial estate.Tenure
The compound is leased at £11,000 per annum. Though the Client does sub-let part of the yard to other Operators for approximately £6000 per annum.Hours
This is a business that operates as and when required including weekends.Staff
There are two full time employees and a number of part time school bus drivers.Financial Profile
This highly profitable concern reports a turnover at £282,000, with reported gross profit at 35% as per 2017 accounts.