Provider of private hire solutions – Scotland

  • Price: Offer Invited
Scotland
Seller Ref:153711
For Sale

Provider of private hire solutions – Scotland

Scotland
Seller Ref:153711
  • Price: Offer Invited

Overview

Seller Ref: 153711

Description

The company undertakes home-to-school solutions, utilising its well-maintained fleet to also offer transport for walking groups; transfers from Scotland’s major train stations and airports; and private function travel.

The vehicles provide between five and 22 passenger seats, allowing the business to flexibly meet client specifications.

Testament to its attention to detail, the company has recently renewed numerous 10-year contracts with a local authority for its home-to-school services.

Our clients are offering the business for sale to facilitate retirement plans. Offers invited.

Key Highlights

– Generates strong, reliable revenue, with many dates already booked throughout 2023 for private hire services.

– Director willing to work alongside the buyer and deliver a handover period.

Operates from rented premises in Northern Scotland, with scope to expand the operational area or relocate the business to a larger site.

– Ideally positioned to benefit from an ongoing increase in local tourism.

Financial Highlights

– Generated a YE22 turnover of £227k.

– Achieved an EBITDA of £125k in the same year.

– Turnover is projected to reach £240k in YE23, owing to the lucrative contracts in place.

Is this business relocatable:
Yes
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA

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