Taxi Bus and Hire Car Business Incl. Freehold
About this business for saleTaxi Bus and Hire Car Business Incl. Freehold
Located in a thriving tourist hub, and under one hours drive to two major domestic and international airports, this family owned business is a well recognised brand. It has been established for over 26 years and enjoys an enviable reputation as THE reliable local transport provider.
Included in the sale price unencumbered, is a large freehold property with room for vehicle storage, an operations room, additional office space as a potential sub-let and a Mechanical workshop. It is located in a tightly held and sought after industrial centre surrounded by properties in high demand with few, if any, vacancies.
The business owns a large fleet of Buses, Taxis (including Plates), Hire Cars and Wheelchair accessible vehicles. The scale of the operation has allowed the current owners to roll out a globally proven and locally supported technology platform to compete in the ride sharing economy which has led to increased customer retention, revenue stability and better utilisation of assets. The technology deployed allows for geographic expansion and product development potential which are considerable and can be achieved for little cost.
The business is profitable and has been for many years offering a solid ROI to potential investors. There is an opportunity for and incoming owner to work in the business should they choose to do so which would increase their return, however Management is in place allowing the current owners to limit their involvement to monthly board meetings.
Risk to capital for an incoming owner is somewhat mitigated by the inclusion in the sale price of the Freehold property, Motor Vehicles, Taxi Plates and P&E.
Asking Price: $4,200,000
For full details contact Troy Potter
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.