Business for Sale Overview:
The company was originally established in the nineteen eighties and has been providing general bus services to the local communities since that time. During this period it has become the largest company in the county carrying out this kind of service work.
Over the years it has established excellent relationships with four different county councils and has a number of written contracts to supply bus services on sixteen separate routes. These important and highly prized contracts vary in length from two to five years giving excellent long term forecasting and commercial stability.
In order to fulfill the contracts the company has been granted fifteen PSV licenses that would be a valuable asset to any purchaser.
The company runs a total of twenty buses. There are five new Plaxton’s, one Octare and one Mercedes all with capacity of up to twenty nine seats. The remaining fourteen vehicles are a variety of makes and include buses up to ten years old.
Most of the day to day maintenance is carried out at the company’s comprehensive workshop with the statutory six weekly checks being contracted out to ensure absolute commercial integrity.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The site covers approximately a quarter of one acre and has been valued at around £500,000. The premises consist of a fully equipped workshop, a suite of offices and a four bed roomed flat that is the private residence of the directors. The company presently pays a monthly rental of £800 to the directors who own the building privately. A purchase or lease arrangement could be negotiated as part of the sale.
Market Competition and Expansion:
The company does not advertise.
Reason for Selling:
the directors would like to take partial retirement
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.