Description Transportation of children/vulnerable adults by minibus to and from schools predominately for the local council
Ref.GP206
Location Suffolk
Asking Price œ 250,000
Turner Butler are delighted to offer for sale this unique opportunity to acquire an established, profitable business which specialises in the transportation of children and vulnerable adults within this specific geographical area. Approx 95% of the income is from council contract work, which leave new owners huge scope and potential to tap into the private sector as well.
This business was orginally a traditional taxi company, however some years ago the owners sold the taxi side of the business due to the expansion into contract work and were able to concentrate on the increasing and more reliable income from the council contracts.
The company boasts an excellent working relationship with the borough council. This working relationship is confirmed by the large number of profitable current and ongoing contracts that are held and is also reflected in the impressive annual turnover and profits the business enjoys.
The structure of the business is a very simple one; there are 2 director/owners who are office based and manage the day-to-day running of the service. This role is to ensure the high level of service remains a constant feature of the business, making sure that the pickup and drop offs run precisely to a pre-arranged schedule.
In addition the business employs a main mini bus driver and passenger assistant, four part time members of staff and approximately 30 drivers on a subcontract basis. All of the staff and drivers have been CRB checked.
The lucrative council contracts have been renewed with this business over a period of between 5-8 years and operate generally over a 9 month school period.
We are advised that the business has approx 10 vehicles, which are included in the sale. A full break down of these vehicles can be provided to interested parties.
