Taxi Hire for sale in Montrose

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Adam Warren (Jan 2017)
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Asking price: £280,000 Turnover: £556,000 Gross Profit: £157,000
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Business Description
Business
Hilton Smythe are delighted to welcome to the market an outstanding opportunity to acquire on a relocatable / business only basis a thriving private hire taxi business with an enviable reputation & excellent trading figures.

This turn key operation has been trading for many years under the careful ownership of our clients and has only now been placed on the market as they look to take well-earned retirement

Wilco Cabs private hire taxi business is arguably the largest of its kind within the area and benefits from long standing contracts with major oil and pharmaceutical companies, NHS and Local Authorities in the area.

They operate on a 24 hrs a day basis, currently from the same premises as the Charleton Garage and have an impressive fleet of modern vehicles that include 4,6,8 and 16-seater vehicles and also have Wheelchair accessible vehicles available as well.

The business has built up an excellent reputation within the area and further afield for the high quality of the combined services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

Wilco Cabs would make an ideal bolt on business for a similar type of operator looking to command the vast share of the private hire market.

We feel there is scope to increase the turnover with the new owner embarking on a modest marketing campaign to highlight the business and the services offered, along with the possible introduction of luxury transport solutions for corporate clients.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment

Location
Wilco Cabs is currently trading from a location on Brent Avenue within the busy and popular Forties Industrial Estate.

The estate is based in Montrose (DD10), a coastal resort town in Angus, Scotland. It is situated 38 miles north of Dundee between the mouths of the North and South Esk rivers.

Forties Road Industrial Estate has been instrumental in securing Montrose its status as Scotland’s second home for oil and gas with some major corporations have facilities located on the estate, resulting in a fantastic level trade right on the door step.

Montrose itself is a popular commuter town with travel to both Aberdeen in the north and Dundee to the south both being under an hour. The town is well serviced in terms of local amenities with both primary & secondary schooling being found within the town, and further benefits from excellent public transport links.

Premises
EQUIPMENT / FLEET

Mixed Fleet all with radio communication equipment,
including 4,6,8 & 16-seater vehicles related to the private hire business

(A full inventory will be made available to interested parties)

Tenure
We are advised that tenure is offered on a Business only basis

Hours
The business currently operates Monday – Sunday 24 hours a day

Staff
The business is run & managed by the current owners & 4 staff members

Financial Profile
The Business has reported a gross annual turnover in the region of £556,000 as of 2017 trading figures

Is this business relocatable: Yes

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04482
Seller Reference:
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