Property Descriptions

Location: Scotland Asking Price: £1.6 million including Net Assets of £1.12m Business highlights include: Turnover: £1,600,000 Adjusted Profit: £310,000 Asking Price Includes: Turnover of c. £1,505,000 Gross Profit of c. £1,098,000 Adjusted EBITDA of c. £310,000 £900,000 pa Local Government contract for 5 years Over 35 years trading Super Large fleet of cars and mini buses Fully equipped garage and workshop Long-time established corporate contracts Introduction: Turner Butler has been appointed to invite offers of purchase of the issued share capital of this long established corporate taxi and coach hire business. Business Profile: With 79 vehicles in use this long established corporate vehicle hire business represents possibly one of the largest fleets in Scotland. Complete with a fully equipped M.O.T garage and workshop. Local Government contracts The business has recently tendered for and been rewarded with Local Government contracts worth £900,000 per annum for the next 5 years. These provide an excellent and secured financial base for the business. Customer Service: The business has prided itself on exemplary customer service. This is borne out by the continual renewal of corporate contracts. Key Strengths: The business has been trading for over 35 years. The workforce has been historically  very stable and operates this fleet of over 80 vehicles smoothly and efficiently. Financial Performance: The goodwill in the business is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover c. £1.505m Gross Profit c. £1.098m Adjusted Profit c. £310k Asking Price: The asking price of £1,600,000 is for 100% of the issued share capital of the company. Assuming net assets of £1,116,948 at completion (calculated on a zero cash-zero debt basis). Reason for Sale: Retirement