Location

Kes Cabs operates throughout the Thetford area of Norfolk. The business could be relocated anywhere in the area. Thetford is a picturesque market town with a busy shopping area and densely populated residential areas. Thetford lies approximately 13 mile north of Bury St Edmunds and 30 miles south west of Norwich.

Business History

Preferred Commercial is pleased to offer for sale this popular 24 hour private hire taxi service, which was established by our client in 2001 and which is only now being placed on the market due to our client’s poor health. The business operates 24 hours, 7-days a week and generates a turnover in the region of £85,000 per annum with a gross profit of 45%. Our client operates 2 vehicles and uses self-employed drivers with their own cabs. The two Peugeot 406 cars are included in the sale along with the telephone system and telephone number. The business boasts a loyal customer base with many ferry and airport bookings. A new owner could increase turnover by taking on more drivers to meet the demand. We are advised the business receives between 8,000 and 9,000 calls per quarter and much work has to be turned away. At present our client only advertises in Thetford Life magazine, Google and Yellow pages. A new owner could introduce a web site to further promote the business. We feel this is an ideal opportunity to acquire a well-established and popular private hire business with huge scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Financial Details

T/O:                 £85,000 approx.

GP:                  45%

Opening Hours

24 hours a day, 7-days a week

Vehicles and equipment

• 2 x 2001 Peugeot 406 (Y plate), which have been well maintained

• 4 x 2-way radios and base station

• Telephone system

Tenure

Business only

To view this business please contact Rod Burney at Preferred Commercial or a member of the sales team on Tel:08448 711484 and quote Ref:3328 at an asking price of £35,000 Business Only.