Longstanding Taxi Company in Devon

Great Torrington, Devon
REF: S06380

Asking Price:
£59,995
Annual Turnover:
£88,172
Annual Net Profit:
£18,856
REF: S06380

Overview

Tenure:
Relocatable
Established:
1978
  • Leading taxi firm in the town
  • Excellent reputation
  • High number of contracts in place
  • Longstanding in the community
  • 7 vehicles available within sale

The business for sale is a well-established taxi company situated in the picturesque town of Great Torrington in Devon.

The taxi firm is the leading passenger transportation service within the town and flaunts an enviable reputation: providing a professional, friendly and high-quality service.

The business boasts an enviable reputation, as evidenced by a large number of regular contracts. Up to 80% of all work is contract based although most runs are local, and drivers are willing to travel to anywhere required, most commonly: Bristol, Heathrow and other airport runs.

Since its inception 40 years ago, the business has experienced a high number of repeat trade and has an extensive range of contracts in place. The business is now for sale on a relocatable basis.

The taxi firm currently has a contract in place with Devon County Council, who have used R&D for a number of years; there are also 3 school contracts, plus 4 renal patients utilising the service for their dialysis and a DWP contract for Access to Work which has also just been renewed for another 3 years.

The business advantageously holds one Hackney licence plate, enabling them to park in certain areas and pitch for business, rather than have just a private on-call hire. It is presently not in use but is a valuable asset to hold and has been requested for purchase at £5,000.

There are 7 vehicles contained within the sale, including an 8- seater and a 6-seater car. In addition, if a new owner did not want to purchase the vehicles within the sale, other offers can be negotiated. The operation is family run, meaning a new owner would need to find new drivers or incorporate regular runs amongst their own drivers.

The current owner is willing to stay on for a transitional period.

This is an opportunity which would either suit an existing taxi firm or someone with an interest in the industry.

Despite firm foundations set, there are ways in which the business could be profited further. A new owner could extend service hours to include Sundays and there's always demand within the area for taxi services so there is scope for expansion.

Marketing has been kept to a minimum, having only ever advertised in a free, local publication. To increase exposure, a new owner could create a marketing campaign or simply promote the business further on social media/online.

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  • Town location
  • Area of outstanding natural beauty
  • Residential area
  • Relocatable
Rent
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Rates
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Lease Expiry
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Square Footage
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Accommodation Included
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Premises Licence
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Property Value
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Planning
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EPC
This business does not require an EPC

Annual Turnover
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Annual Net Profit
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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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