International PSV Licence & 3 Stickers Business for Sale in London
City of London, London
- Status
FOR SALE
- Date Submitted:
17/08/22
- Advert ID
498721
- Freehold: £30,000
- Turnover: £150,000 (£2,885 Per week)
- Net Profit: £50 (1% Profit margin)
Key Features
- Retirement Sale
- Company for Sale
- Offers Invited
- Small Business
- Accounts Available
- Owner Financed
- Established Business
- Price Reduced
Business Details
Bus Std International PSV licence with 3 stickers for sell
Middlesex Minibus Services Ltd was incorporated in 2012. It took three years to secure a PSV licence. The licencing authority is the ‘Traffic Commissioner’. Since 2015 the business ran successfully until the beginning of 2020 at the onset of the COVID 19 Crisis. The business has three buses on its licence ie this company can run up to three buses (regardless of size). This is Standard International License allowing to travel in both in the UK & Europe.
The business started to see rising again since the beginning of 2022. Unfortunately, the transport manager, who was the main man running this show passed away during June 2022. Therefore, a decision is being taken to either surrender this licence back to the authority or sell it for a nominal price.
The business has following benefits:
1) Goodwill
2) Continuous good relationship with agencies for regular job ie Kings ferry, CMAC etc
The company has less than £30,000 loan. So, ideally the company looks for £30,000 (or offers close to that) as the offer price without any vehicle.
The company had achieved over £100,000 business in one year with one 16 sitter minibus in the past. So, it has a potential to do up to £500,000 with an existing setup with three stickers.
Looking for a quick sell.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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