Unique Vintage Bus Hire Company in Edinburgh

Edinburgh, Edinburgh
REF: S06834

Asking Price:
£250,000
Annual Turnover:
£98,981
Annual Net Profit:
£36,665
REF: S06834

Overview

Tenure:
Leasehold
Established:
2008
  • Fleet of three immaculate, well-maintained Routemasters (valued at around £50,000 each)
  • Various special occasions catered for
  • Strong online presence
  • Excellent reputation within the wedding and corporate events market
  • Wide area of coverage
  • Casual pool of trusted and experienced drivers and conductors
  • Provisional bookings worth about £150k already for 2020/2021

This is a unique opportunity to take on a reputable vintage bus hire company in Edinburgh. With over 10 years’ experience running its fleet of three iconic Routemaster buses, the business has gained a reputation for its bespoke service, going above and beyond to ensure passengers have a journey to remember.

Providing a niche transport service for weddings, corporate events and other special occasions throughout Edinburgh and surrounding areas, the company has a varied customer base and a strong standing with UK and international clients. The current vendor notes that the proposed contracts have an 80% conversion rate alongside a lucrative list of returning, corporate clients.

Any new owner would be fortunate enough to acquire the business’s trademarked brand, strong online and social media presence and minimal local competition. These can be taken full advantage of to grow the business further. There is already significant demand for other niches that the current owners turn down, including stag, hen and school leavers transport. Glasgow is also a big source of enquiries that are mostly rejected on grounds of distance (45 miles).

The business operates three red Routemaster buses, all in pristine vintage condition. With 100% authentic interiors, 64 seats and open entrance platforms, passengers are guaranteed a memorable transport experience. A dedicated and talented team pulls out all the stops to ensure passengers travel in comfort and style, decorating both decks with fresh flowers, serving drinks and refreshments and even organising live music on request. Personalised touches also come in the form of tickets handed out by conductors, as well as destination blinds which clients can keep.

The business benefits from a prolific online presence, with an aesthetically pleasing website which answers FAQs and provides a full enquiry form to help clients bring their plans to life. Its Facebook and Instagram accounts have a combined following of over 1,200, as well as countless glowing testimonials, showing just how popular the service is.

As the only vintage bus hire company of its kind operating in Scotland, with a solid reputation and three gleaming double-decker buses, this is an excellent opportunity. Ideal for a buyer already working within the niche transport or wedding industry looking to expand their repertoire, the new owner would be able to implement steps to grow the business further.

The business currently turns down significant numbers of enquiries every week because of distance or type of hire. A new owner could readily meet this demand. Increasing marketing via approaching businesses or attending more wedding fairs would be a great way to gain further exposure and a new clientele. Investing in more buses and widening its area of coverage to encompass other parts of Scotland would help boost revenue.

The existing owner is willing to discuss a transitional period to provide a smooth handover.

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  • Industrial unit
  • Minimal competition
  • Wide area of operation
  • Can be relocated
Rent
£7,200
Rates
£1,100
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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