GP227 - Specialist Executive Private Transport Business

Business Profile This business was set up by the vendor over 22 years ago and has grown in that time to become well established and profitable. The business specialises in offering what is believed to be class leading executive ground transportation services worldwide, to Private Equity clients and is regarded as a market leader by these clients. The company has established itself at the forefront of the sector and has earned an enviable reputation that has resulted in long term loyalty from its valued client-base and continually invests in its recruitment to ensure that it maintains its position as one of the most advanced and comprehensive providers in the marketplace. Recent endorsements from clients include: ? Great to have a universal car company available to use in multiple countries. ? Built a great and longstanding relationship - beneficial to have a key & consistent contact at the company (do not feel like a number) feel like a valued customer. ? They are incredibly reliable, available out of hours, especially when requesting last minute transfers. ? They communicate clearly & update us when any changes may arise on their side and they are aware when flights are delayed etc. which takes that concern away from us. ? Good Quality cars & drivers ? investment team never complain about their service. ? Incredibly helpful with last minute requests and changes from our side as well, regardless of time of day. The service is clearly very popular with these clients, who require their service to exacting standards as a minimum and this client-base is happy to be expanded and developed by a new owner with the desire and ability to do so. The client community served is made up of very well known private equity firms and investment companies, centred in the City of London but requiring international arrangements. All of the necessary equipment is included in the sale and the small management & administrative team manages account management and in-country associates manage international services on the ground. Staff understand client requirements profoundly and their service knowledge means that the business can react in the quickest possible time to any sudden need and for immediate impact. The business is very successful and highlights include: ? Loyal long term clients ? The business has been around for over 22 years and is a solid repeatable business opportunity ? The business has untapped potential and is highly scalable ? Comprehensive client and service product knowledge ? Solutions to complex travel requirements ? Very strong client relationships The business is managed by the Vendor who has implemented a very efficient management system and is supported full time by just one other staff member who fully conversant with the business? techniques and methodology and is more than capable of enabling a new owner to successfully maintain continuity of trading. Equipment: The business has a comprehensive stock of equipment and facilities; a full list is available by request. Customer Service: Management staff manage the clients on a day to day basis. Growth and Expansion: The vendor has managed this business according to the demand made upon it and is highly confident that a new owner could exploit the current demand for significant account growth. It is also believed that the current reputation of the business supports the acquisition of new clients. Employees: The vendor is supported by: 1x CEO 1x CFO 1x Operations Manager 2x Operations Assistants 1x Business Development Manager In Country Associate Directors utilised on a flexible basis All staff are highly experienced and a real asset of the business. Premises: The business is managed from a small office with flexible arrangements and is easily relocatable. Business Hours: 24 hour service 7 days a week. Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. Turnover: c. ?1,750,000 (2023 forecast) Adjusted EBIT: c. ?200,000 (2023 forecast) Reason for Sale: The vendor feels he has taken the business as far as he wishes and now plans to retire. Support and Training: The current owner would be happy to provide full training and support at handover. Asking Price: The Asking Price of offers in the region of ?550,000 including net assets is for 100% of the issued capital of the company, assuming Net Liabilities of circa ?42000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a ?1 for ?1 adjustment for any rise or fall in this benchmark Net Liabilities figure of ?42,000 at completion.

For more information on GP227 - Specialist Executive Private Transport Business talk to Turner Butler Limited (Business Broker)