Licenced Mini Coach Operator
Location United Kingdom
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1974
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Family bereavement.
Description LICENCED MINI COACH OPERATOR FOR SALE IN LEICESTER. REF: 8118 LE œ140,000 LEASEHOLD + SAV. Advent Business Sales are delighted to offer to the open market this extremely well established business that has been trading within the same family since 1961. The current owner has been at the helm since 1974 and has very reluctantly decided to sell due to a recent family
bereavement. Our client has achieved an enviable and priceless local reputation for service and reliability. The owners focussed on high service levels and decided despite many opportunities for huge growth to keep the business at a certain profitable level which satisfied the family run concern.
The owner has many ongoing verbal agreements in place and includes:
- Two private school runs for the last 17 years.
- Two daily county council school runs since 1974.
- A contract with a large manufacturer for picking and dropping staff to 3 sites within Leicestershire.
- Friday and Saturday night work for a night club.
- School sports trips.
- Day trips to the seaside & private events.
- Private airport runs.
The vendor has informed us of the values which are approximately œ97,000 with œ20,000 worth of outstanding finance which is being reduced with the
monthly instalments. The exact figures will be verified at a later date to serious parties as the instalments are due to finish by October 2007, December 2007 and August 2009 on three different vehicles.
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