Private Hire & Taxi Company

Private Hire & Taxi Company

OVERVIEW

For sale is a high profile, long-established family run private hire and taxi company that has been established since 1979 by experienced private hire professionals with the aim of offering full service private hire. The business operates with their own fleet of vehicles with the addition of owner drivers, all centrally managed with flexibility in vehicle size and class.
Name: Undisclosed.
Website: Undisclosed.

THE OPPORTUNITY

The business is available by way of a share sale to facilitate the transfer of the business to a new owner and allow the current vendor to pursue other business interests. The business has developed a tactile and user-friendly website which has been optimized for SEO functionality.

Current offerings are for a fully managed private hire service offered with the option of vehicle class, size, driver preferences with the addition of software for customers to track their driver and ETA.

The business is managed centrally from a fit for purpose leasehold premises, which will be made available for an incoming operator along with a number of vehicles included within the sale.

INDUSTRY OVERVIEW

The private hire and taxi industry in the UK is a crucial part of the country’s transportation system. It consists of two main sectors: taxis (also known as hackney carriages) and private hire vehicles (PHVs).

The private hire and taxi industry in the UK is dynamic and multifaceted, constantly evolving with technological advancements and regulatory changes. It plays a vital role in urban mobility and continues to adapt to meet the needs of its diverse customer base while addressing contemporary challenges such as sustainability and competition.

SERVICES

Pre-booked Private Hire: Pre-booked private hire services with the option of driver preference, vehicle preference including hybrid or electric vehicle, passenger car/MPV etc…

Airport Transfers: Fixed pricing available for customers looking to book an airport transfer to all major airports in the UK. Option of vehicle size and class.

Business Travel: The business offers business contract terms which align with the needs of small businesses and corporate customers with monthly invoicing using a business account, allowing businesses and their employees access to flexible private hire travel.

MARKETING

The business actively markets itself through their fully optimized website, locally with selected outdoor marketing in key locations in addition to the sign written vehicles, in addition to the extensive reputation the business has built locally over their history of operation.

OPERATIONS

The business directly employs 6 x part time employees and 30 x self-employed drivers who operate on a zero-hour contract ensuring flexibility for both the company and drivers.

The business operates from a leasehold premises which is held on a favourable lease.

The location of the business is central to get to all areas within the area that eh operate and provides space to store vehicles, whilst providing a centralised base for the phone operators who coordinate the drivers.

GROWTH OPPORTUNITIES

The business is well-positioned to launch and capitalize on several growth opportunities in the service industry, including:

– Expanding into new geographic markets and to broaden the client base and location offerings.

– Enhancing technology platform to further automate and optimize bookings.

– Developing strategic partnerships and collaborations to access new business opportunities to include partnerships with airport service operators and holiday travel agents.

– Offering additional value-added services such as wheelchair accessible vehicles.

FINANCIAL INFORMATION

The business has seen consistent growth year on year in line with demand and the reputation of the business as a local, respectable, and dependable business to partner with.

FURTHER INFORMATION

Further information is available by speaking with us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information please contact us.