Gross Revenue: $13,359
Green Chauffer Agency for Sale
Green Chauffer Agency for Sale
Ref. BFS4619 Location England, United Kingdom Asking Price Offers Invited Turnover £35,000 Gross profit £11,000 Net profit £11,000 Total Assets £70,000 Premises Undisclosed About the Company Highly regarded Green Chauffeur agency: Zero Emissions, fully carbon neutral, ULEZ compliant, extremely low running costs hence high profit rate. This company is run by the 2 owners who fill in the position of both directors and drivers, by taking care of their customers in first person they ensured that only the best service has been offered at all times ensuring maximum satisfaction. Assets: Its fantastic website comes up on top amongst chauffeur agencies in Google ranking search results for “tesla london” and “tesla chauffeurs”. The company owns 1 Tesla model S, the only electric vehicle with 240 miles range, 1 hours recharge time, practically zero running costs, no maintenance required, no out of service days due to garage visits, no congestion charge, no road tax, free parking in Westminster, 100% tax allowance, very high price value retain. Today the business engages in limited marketing, with sufficient business coming from clients who proactively look for solutions to meet their sustainability targets; yet any marketing efforts, leaning on the company’s strong reputation, will bring a great amount of additional clientele. The agency has been run with limited funds and time, nevertheless has a number of connections with large travel agencies, hedge funds, online platforms, that can promptly develop into interesting contracts. Excellent bolt-on opportunity for an existing chauffeur / private hire firm looking to enter the zero emissions market and to be ready for the day Ultra Low Emissions Zone comes into life. Very low running costs equal high net profits.
Competition: Amongst the first agencies founded in London offering purely electric cars. Established for 2 years, the business has built up an excellent reputation for its high level of service and reliability.
While the chauffeur industry in London is large and includes some big players, these agencies all use vehicles that aren’t compliant with ULEZ, there is a very small number of chauffeur agencies focusing on use of electric cars.
Growth & Expansion: Although an already excellent opportunity, there is a huge amount of potential for growth: Demand for Tesla is at an all time high from private customers, scientific medical and charitable institutions, high net worth individuals, and especially hedge funds, venture capitalists, event organisers.
Interest from online platforms also is continued and soaring: the agency obtained contract of exclusivity with a major player. These qualities provide not only for an excellent opportunity to buy a profitable business but also a platform for significant expansion.
Possible developments for the acquirer: Tesla model X is now due for sale in UK: 7 seater top of the range luxury SUV, great alternative to Range Rover. Tesla model 3: due to go on sale in UK by 2018, prepare to expand operations into the standard level of car for hire and the exponential growth in demand. Pivot the website into a platform to offer all kind of Tesla and Sustainability related services to blue chip companies.
Reason for Selling: personal.
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