Longstanding Taxi Company in Devon

Okehampton, Devon
REF: S06623

Asking Price:
£58,500
Annual Turnover:
£116,880
Annual Net Profit:
£55,620
REF: S06623

Overview

Tenure:
Relocatable
Established:
1995
  • Contracts with Devon County Council
  • Excellent reputation
  • Huge potential for growth
  • Fully relocatable
  • Longstanding in community

A lucrative opportunity has emerged for a potential buyer to acquire a traditional taxi company in Okehampton, Devon. The company serves the local residents and surrounding areas frequently.

The firm benefits from a minimal amount of competition and has 3 regular ongoing contracts with the council and one other private contract.

Established in 1997 and possessed by the current owner since 2013, the company has operated a friendly and professional service and is now for sale on a relocatable basis.

The long-standing business benefits from regular ongoing contracts with Devon County Council, taxi-ing children to and from school, a total amounting to £55,555 P/A and one other private contract amounting to £20,000 P/A as well as regular income from the local residents.

There are two recognised, frequently used phone numbers included within the sale. The current owner receives an average of 2,000 calls per month, with some work currently turned down due to surplus demand. The firm is currently run from the owner’s home address and office, meaning a new buyer is ultimately able to relocate the business to a premise of their choosing. There are two 6-seater vehicles, included in the sale and these are both Peugeot 5008, one '63 plate, one '15 plate, black and yellow, with the business’s brand on the side.

With 4 ongoing regular contracts and excellent reputation, this is an opportunity which would suit an existing licenced taxi firm. The flexibility of this business is prevalent because it allows the new buyer to choose their own working hours.

Despite the stellar reputation gained, there are ways in which the business can be profited further. At present, the business does not have a website – so there is an opportunity for more marketing on the online front. Expanding the social media profiles for the company would also reach a younger target market. Growing the vehicle range would allow the business to handle a larger workload and provide their services to more customers daily. It would also allow them to operate further afield and by hiring more drivers, the business could effectively generate higher annual income. The current owner is also willing to stay on for a transitional period if needed.

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  • Town location
  • Fully relocatable
  • No competition
Rent
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EPC
This business does not require an EPC

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