Financial Details
Asking price: £855,000
Sales revenue: £75,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this well established and extremely popular chauffeur driven stretch limo hire business.

Founded over 6 years ago by the present vendor, the business is only now being reluctantly offered for sale to enable him to fulfil his lifetime ambition of being a pilot.

The business has an excellent reputation with all trips pre planned, limo’s always immaculately presented and chauffeurs uniformed, and this has resulted in high repeat bookings of at least 40% and with many referrals from satisfied clients.

The business caters for weddings, airport runs, proms, theatre trips, nights out, birthdays, stag nights and indeed any special event. All limos are fully licensed and have the facility for erecting a gazebo with a food hamper if required.

All trips are pre booked with a 25% deposit, the balance payable normally 7 days before the event or on the day by cash.

The business operates a fully integrated computer system which gives a complete history of events booked which links through to the accounts.

The business has 2 regular event organising businesses that pass work to them which accounts for approximately £18,000 per annum of turnover.

The vendor works full time in the business and has 4 self employed trusted drivers, who are all paid on an as and when required basis.

The business operates with 2 stretch limos, 1 which is pink and the other one white, all are in excellent condition throughout and fully maintained. The estimated value of the 2 vehicles is in the order of £55,000 - £60,000. In addition, the business has approximately £10,000 worth of essential spare parts which are kept to ensure all the cars are off the road for a minimum period of time in the event of a breakdown.

Turnover is currently running at circa £75,000 per annum and is with the agreement of Customers and Excise zero rated for VAT purposes.
REF: 9557NN








DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:As required
Home based: This business can be run from home.
Relocatable: This business can be relocated.
Property:N/A
Location:The business which is currently run from the vendor’s home is centrally located in Northamptonshire.
Premises Details:The business is currently run from home with the cars parked outside.
Expansion potential:EXPANSION POTENTIAL This is clearly already a successful business, it does however, have excellent scope to increase both sales and profits in the future by: 1. Having more cars, potential customers are being turned away on a regular basis. 2. Advertise more, especially at local senior schools to promote prom nights 3. Having a small unit to garage the cars which will protect them from the elements and reduce cleaning times
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