Established Taxi Company Based on Isle of Wight

Sandown, Isle of Wight
REF: 03304

Asking Price:
£160,000
Annual Turnover:
£84,800
Annual Net Profit:
£28,220
REF: 03304

Overview

Tenure:
Relocatable
Established:
2005
  • Well Established Business
  • Scope to Grow
  • Turning Work Away
  • Vehicles Included in Sale
  • Steady Turnover

This well-established private hire taxi company works in and around Sandown on the Isle of Wight, providing Hackney and private hire taxis to any island destination or to the mainland.

They take customers to any mainland airport or other mainland destination. They have built up an excellent reputation for a reliable, professional service.

The business is thriving, with plenty of scope for further growth and it offers the potential to be highly profitable under the right management.

This company provides Hackney and private hire taxis to any island destination or to the mainland. It currently covers the seaside resort based areas of Sandown & Shanklin, which are currently undergoing major re - development, but with plenty of scope to work further afield.

They offer a 24/7 pre-booked service and find that they are often hired to do airport runs to a variety of mainland airports which is a lucrative service. Clients can spend anything from £3-£200 on a journey.

The business has both male and female CRB checked drivers and are renowned for their reliable and professional service and their honesty with timings. They do account work as well as having one-off and regular customers.

The business runs a clear and informative website and also carries out some advertising in local papers as well as on information boards at tourist destinations.

There is huge potential for development and expansion with a little extra input. Employing someone to pursue business with potential clients, particularly large accounts would be very beneficial. More sub-contractors could be found, or the new owner may consider employing other full time drivers.

The company could expand to cover the whole island, or to offer different types and sizes of vehicles, such as luxury vehicles. It would also be valuable to invest in advertising, such as leaflet dropping, magazine advertising, or local radio as well as developing the website further and creating a social media presence.

The current owner is willing to stay on if required, to help ease the transition to new management.

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  • Fully Relocatable
  • Covers all of Sandown & Shanklin
  • Cover travel to any mainland airport
  • Custom from Tourists
  • Currently based in a seaside resort
Rent
N/A
Rates
TBC
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
This business does not require an EPC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
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Trading Entity
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Current Ownership
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Management Structure
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Number of Employees
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