Taxi Hire for sale in Oswestry

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Very Profitable Taxi Business

Oswestry, Shropshire, England

  • Freehold Price: £0
  • Leasehold Price: £4,800
Seller Reference: CSW535
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Business Description
 
 
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Seller Reference: CSW535
Request Details
Business Description
The opportunity comprises a taxi and minibus business which is prominently located in the town centre and which has built up a name for itself as the main taxi provider in the town.
The business currently operates with 21 drivers on its books, with a turnover in excess of £700,000 per annum and a net profit in excess of £90,000 per annum. A large proportion of the turnover comes from contract work. Further information is available upon request.
A proportion of the cars are owned by the business and the remainder are owned by the drivers.
Tenure:
Leasehold, Freehold
Location Details:
The property is situated fronting onto Oswald Road in the town centre of Oswestry. Oswald Road links with Salop Street, which serves as the main route into the Town Centre, with nearby occupiers including Sainsbury’s, Sports Direct, Corals, First Choice, Co op Travel and Dorothy Perkins. Oswestry is located close to the A5/M54 link road, providing access to the national motorway network with Birmingham being 65 miles (105 km) to the North West. An established market town and administrative centre, Oswestry is the third largest retail centre in Shropshire and serves as an important shopping destination for North Shropshire and Wales. The town has a district population of 37,000 rising to 130,000 within 12.5 miles of the town centre. The town has a strong affluent catchment population.
Leasehold Term:
The business operates under a lease agreement which has approximately 18 months until expiry, The landlord has indicated that he would be happy to extend this term with any purchasers. The current passing rent is £400 plus vat per month.
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