Intelligent Business Transfer are delighted to bring to the market this superb opportunity to purchase an established transport company in London.
The business specialises in airport transfers, to and from any airport in the UK, for clients in the town and surrounding areas. The business also has a number of contracts with 7 Local Authorities for school runs in the local area, which provide the business with regular custom.
Over 40 stable accounts are distribute jobs on a daily basis and these primarily include: Tour operators, Hotels, Offices, Travel Agents, Online bookings platforms.
The company owns 14 vehicles and other 80 drivers with their own cars.
The business has a great reputation in their local community and can boast a loyal customer base and impressive financial figures.
The turnover of the business for last year was over £1,500,000 with an impressive adjusted net profit figure and is expected to grow to £2,000,000 this year. These figures have the potential to be improved significantly if a potential buyer were to increase the advertising of the business. Utilising SEO and Google AdWords, participating to events dedicated to the industry and tendering for contracts with institutions would attract new clients and increase the sales revenue. A potential buyer could also offer their services to the general public, which would also increase the sales revenue.
This business would suit an entrepreneur or a larger taxi firm/coach company looking for a profitable, bolt on acquisition.