Home :: Search :: Results :: Detailed View

Description

EXECUTIVE COACH HIRE, Staffordshire. Long est family business with 26 coaches of various sizes. Private hire, tours & contract work undertaken. T/O £2.05m. Adj EBITDA £384k. NAV £420k. Price £1,400,000 for 100% share capital. Ref C1113uk

The Business Partnership is pleased to offer for sale this excellent coach hire company which has been long established by one family and is a major player in both of its regional markets.

The business runs 14 coaches from a city base and 12 from a rural base. Turnover is also split between the two locations with the first generating £1.4m and the second £629k.

The business offers private hire for which they are the preferred supplier for a number of companies and organisations. Their reputation means they are always on local tender lists and could easily double their turnover in summer months with access to a larger fleet.

Contract work is mainly with local authorities to provide school transportation. Currently there are 23 contracts or around 3 years duration with mixed expiry dates. This work accounts for around £750k of the annual income.

Having sold their holiday business previously, they now provide coaches for the new owners, operating excursions and tours across the UK and Europe.

The combined financial figures for both sites are:
Turnover £2,057,000
Gross Profit £613k
Adjusted EBITDA £384k
Revised Net Asset Value £420k

The business employs a total of 38 staff and accesses a pool of casual, self employed drivers. Operating hours are as required. Maintenance and servicing is done in house to an extremely high level.

This business gives an existing operator an ideal opportunity to enter two successful markets (city & rural) that would otherwise be costly to enter. The existing owners are willing to remain as required bringing their skill and pride in the brand to the new owners and ensuring its continued success.

Please email for full sales details and financial breakdown.