Taxi Service in Central Cambridgeshire

Ely, Cambridgeshire
REF: 02575

Asking Price:
£500,000
Annual Turnover:
£815,636
Annual Net Profit:
£172,822
Recently Sold
REF: 02575
Photo of Taxi Service in Central Cambridgeshire

Overview

Tenure:
Leasehold
Established:
2002
  • Very Loyal Customer Base
  • Excellent Reputation
  • Wide Variety of Products & Services
  • Friendly & Professional Team
  • Huge growth potential

Over its 14 years of existence, the owners have made one smart move after another. Building on a conventional taxi service, the business has secured numerous long-term contracts with authorities and businesses. It offers airport service, and vehicles for large groups. It has done all this relying on reputation alone.

Local authorities are required to implement programs for the safe and reliable school transport of children. Operating such routes for municipalities are just one of the varied types of passenger transportation this business provides on-top of its traditional on-demand taxi service.

Established 14 years ago, the business’ CRB checked drivers, selection of perfectly-maintained 4/6/8 passenger vehicles and minibuses, competitive prices, and well backed reputation for being on time, have also secured many regular private and commercial clients, some of whom use the service daily. Totaling all rides over the past year yields a weighty turnover nearing £850,000.

Operations are run out of a typical taxi hub. A single room, fronted by a large counter and a small waiting area (for serving the rare walk in client) accommodates 3 controllers and the equipment they need, e.g. phones, computers, etc., to take orders and hail cabs. There is also a small staff room for storing possessions and for breaks.

Intelligent Business Transfer are pleased to offer for sale a highly reliable taxi service offering a wide array of passenger services such as airport transfers, executive transport and driving disabled individuals.

Founded in 2002, year after year of impeccable service and a sparkling reputation (begot by word of mouth alone) are the base for this business’ large group of longstanding clients throughout Cambridgeshire, including both business’ and individuals, and even larger collection of occasional passengers, whom, in turn, are the source of the business’ considerable top and bottom lines.

While the current flow of business and cash would suffice for most, a more aggressive buyer focused on future growth is faced with many options to expand revenues. A few examples are enlarging coverage areas, perhaps opening an additional control station, engaging in conventional advertising, building a website (with or without online booking) and a social media presence, and price increases. Another avenue for growth is direct sales to secure additional commercial and governmental clients.

With their eyes on retirement and a more relaxing lifestyle, the current owners have approached Intelligent Business Transfer to find a suitable buyer. It is their opinion that a large cab company from a nearby town wishing expand geographically or a financially motivated entrepreneur could realize substantial profits from taking over operations.

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Location

Property

Annual Rent
£10,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
D 76-100

Financial & More

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