Business Opportunity
This in an established business which has been trading for approximately 15 years. The Company operates predominantly within the South East Northumberland area and the phones are currently based in Morpeth, where the business virtually has a monopoly position, but could operate from anywhere. The business has been placed on the market as the owners are looking to retire.
The business has a number of different income streams with a mixture of both private client work and contracts. The contracts are predominantly with Local Authorities and the relevant Education Departments, providing services for the “school run”. A new contract has recently been added which will further increase the turnover and profits
The business currently has a fleet of 3 vehicles which include a Ford Torneo, Ford Mondeo and Skoda Octavia. The value of the fleet is estimated to be in the region of £30,000.
Staff
The business is currently operated by our clients with 4 full time members of staff each operating on a 40 hours contracts, however the business can be sold free of staff.
This model (rather than a radio hire system) ensures that there are always drivers on duty and that the vehicles are in good order. This is one of the reasons that the business has such strong levels of repeat business and also why they are successful in winning local authority business and contracts.
Fixtures & Fittings
A full inventory will be made available to bona fide enquiries.
Premises
The business is currently operated from a home address and the vehicles are kept either with the owner or drivers, however the business could be operated from any location and the telephone number is transferrable.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser / Tenant will be required to provide two forms of identification and proof of the source of income.
