Executive Airport Transfer & Private Hire Taxi Company Located At Cornwall Airport Newquay
Ltd Company Sale (19 Vehicles Included)
Cornwall Airports Only Official Taxi Provider
Ref 2222

Location
Newquay is a town, civil parish, seaside resort and fishing port in Cornwall, England. It is situated on the North Atlantic coast of Cornwall approximately 20 miles (32 km) west of Bodmin and 12 miles (19 km) north of Truro. The town is bounded to the west by the River Gannel and its associated salt marsh, and to the east by the Porth Valley. Newquay has been expanding inland (south) since it was founded. In 2001, the census recorded a permanent population of 19,562. As with the rest of the British Isles and South West England, Newquay experiences a maritime climate with cool summers and mild winters. The nearest Met Office weather station is St. Mawgan/Newquay Airport, about 3.5 miles to the north east of the town centre. Temperature extremes in the area since 1960 vary from 31.3 °C (88.3 °F) in June 1976 and August 1995 down to −9.0 °C (15.8 °F) during January 1987. Newquay has been a major tourist destination for more than a century, principally on account of its coastline and nine long and accessible sandy beaches, including Fistral. Around 22,000 people live in Newquay nowadays, but the population can increase to 100,000 or more in the summer because Newquay has a large stock of holiday accommodation. There are lots of attractions in Newquay; most of all the lovely beaches, some of which are used for musical events, fast speedboat events and surfing competitions, but there’s room for everybody. Close to most beaches there are restaurants, cafes and toilets close by, due to their proximity to the town, and the most popular will have a lifeguard. The resort is widely regarded as the surf capital of the UK. Newquay is a centre for the surf industry in Britain, with many surf stores, board manufacturers and hire shops in the town. At the centre of Newquay’s surfing status is Fistral Beach which has a reputation as one of the best beach breaks in Cornwall. Fistral is capable of producing powerful, hollow waves and holding a good sized swell.

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Airport Transfer & Private Hire Taxi business which is located at Cornwall Airport, just outside the popular Cornish holiday town of Newquay. Coastline Travel is the only official taxi provider at the airport and has been established for 10 years and has been in the careful hands of our clients for the since 2014. Reluctantly the business is now being offered for sale so that our clients can concentrate on other business interests. Since ownership they have continually invested in their fleet of vehicles and trailers which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is completely owner operated and employs the help of 2 full time and 1 part time members of staff along with 25 self employed drivers. Year ending February 2018 posts an annual turnover of £491,659 with a gross profit of £287,958, returning a high net profit. Coastline Travel operates all year round from the arrivals hall at Cornwall Airport and is the only official taxi provider for the airport. Also offering a local taxi service for Mawgan Porth, Watergate Bay, St Mawgan, St Columb and the surrounding areas and have secured a number of contracts with various companies within the South West. We believe that there is further potential to increase revenue should you wish. The Airport routes are ever expanding and there are many commercial contracts that have yet to be explored. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity for any existing operator to expand by acquisition and purchase an established company which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Business information
Asking Price: £249,950 ono  (LTD CO SALE)
Turnover: £491,659 pa (Drivers are paid 40% of the fair which is not included within the turnover posted)
Gross profit: £286,958
Assets: £165,000 (INCLUDED)

Leasehold
Original Length: 3 years + 2 optional years
Remaining: 2 years 6 months + 2 optional years
Rent: £9,120

Ground Floor
Arrivals Hall
Reception area with settee, desk, drinks fridge (Prodis), hot water dispenser, various shelving, 2 x office cabinets, computer with screen and key board, telephone system (Hisense) and photo copier (Brother).
Office 1 with desk, chair, filing cabinet, various shelves, computer, screen and key board.
Office 2 with computer screen (Fujitsu), telephone system (Hisense), safe, photocopier (Epson), shelving unit, chair and desk.

External
Container with various spare parts for the fleet.
Trailer for vehicle valeting containing: Wilks USA Pressure washer, water tank,
various hose pipes and cleaning materials.

Vehicles

Mercedes S Class 2012 4 seater (Executive)
VW Transporter 2007 7 Seater + wheel chair
Vauxhall Vivaro 2015 8 Seater
Vauxhall Vivaro 2014 8 Seater
Vauxhall Vivaro 2014 8 Seater
Vauxhall Vivaro 2014 8 Seater
Vauxhall Vivaro 2014 8 Seater
Vauxhall Vivaro 2014 8 Seater
Vauxhall Vivaro 2012 8 Seater
Vauxhall Vivaro 2009 8 Seater
Ford Transit 2009 8 Seater
Hyundai Ioniq 2017 4 Seater
Ford Mondeo 2012 4 Seater
VW Passat 2012 4 Seater
Peugeot Partner 2009 4 Seater + wheel chair
Peugeot 407 2009 4 Seater
Peugeot 407 2008 4 seater
Mercedes Sprinter 2009 16 Seater
Ford Transit 2012 16 seater

Trailer 750kg
Trailer 3500kg

All vehicles are fitted with trackers and radios

Location