Established Franchises - Business for Sale Details

COACH HIRE COMPANY & GROUP TOUR OPERATOR -£435,000

Overview of the Business:

Established over seventy years ago – and along the way one of the very first coach companies to operate day trips to the coast, this Kent based business is one of the leading coach operators in its catchment area. Operating from very well suited premises affording easy access throughout the South East via the M2, M20 and M25 motorways, this business operates a fleet of approximately 13 vehicles ranging from 6 seats through to 53 seater coaches - available for hire by private and institutional customers. The bedrock to the business are the contracts it has secured with companies and several local schools in its area – operating the ‘school run’ on a daily basis for a number of educational institutions, building on these relationships with additional contracted school work – taking pupils to and from the local swimming pool, for example enabling the business to maximize its fleet utilization throughout the normal working day.

Property Features and Assets:

The business operates from very well suited premises including modern office accommodation and an on-site workshop, used for minor repair and maintenance. Approximately 2 acres in all, the secure site has ample space for parking all the fleet. The premises are owned privately by the current owner of the business. Rent is currently approximately £12,000 per annum with Rates of approximately £5,500 per annum. The premises are available leasehold, term and rent to be agreed subject to negotiation. The freehold conservatively estimated to be worth in the region of £750,000 valued in Spring 2008 is also available in addition to the Asking Price for the business, subject to negotiation.

Market Competition and Expansion:

Well established, with such an excellent reputation and high levels of awareness, this business has little need to invest heavily to market its standard coach hire services. What marketing the business currently undertakes is to promote its events – concentrating on door drop campaigns around the local area. The business has also invested heavily in a very well designed, informative website that performs very well in all the major search engines for all appropriate search terms. The site includes on-line booking and data capture facilities – the latter of which is helping build a substantial electronic database for e-mail marketing of future events, special promotions and offers.

Additional Details:

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