Social Travel

[Michael Bevan]

Social Travel is currently up for sale...

https://www.daltonsbusiness.com/coachbustaxi-hire-businesses-for-sale/successful-travel-business-west-midlands-uk/427967

[Solo1]

Wonder whybl social travel is opp for sale if making a profit

[the trainbasher]

The attached image was my reaction when I saw it...

They're worth probably £89999 less!!!

[justlookingaround]

I thought if they'd sell up, they'd be asking the Sunny and DTS guys if they wanted it.

Nobody will pay that amount. The buses probably amount to only £20k in value combined.

[Straightlines]

I thought if they'd sell up, they'd be asking the Sunny and DTS guys if they wanted it.

Nobody will pay that amount. The buses probably amount to only £20k in value combined.

What Sunny/DTS guys??  It's all to go in the same pot!

Successful Business is also a debateable topic...

[2206]

What Sunny/DTS guys?? It's all to go in the same pot!

Successful Business is also a debateable topic...

"Number of Employees: 4 "
Shows its just Social Travel up for sale.
If they were all up for sale they'd have more than 4 employees

[Tony]

Turnover £250,000, profit £50,000 - they're having a laugh aren't they, especially as further down it says projected profits £20,000-£50,000

[Steveminor]

Also number of employees 4 that's quite high for a 2 bus operation when the director drives himself.

[2206]

Also number of employees 4 that's quite high for a 2 bus operation when the director drives himself.

Currently a 3 bus operation, its not supposed to change till next Wednesday.

[MW]

How much are their assets worth.

3 buses, about 5 grand each and that's generous.

What else is included? How much would it cost to register on the 11c and get going. How have they valued it at 90 grand?

[2206]

How much are their assets worth.

3 buses, about 5 grand each and that's generous.

What else is included? How much would it cost to register on the 11c and get going. How have they valued it at 90 grand?

They've got a fleet of 4 buses currently .
- Y371FJN.
- Y338FJN.
- KV03ZFS.
- SK51AYC.

Tonys fleetlist also shows they've got a coach, Y804GDV.

[MW]

They've got 4 a fleet of 4 buses currently .
- Y371FJN.
- Y338FJN.
- KV03ZFS.
- SK51AYC.

Tonys fleetlist also shows they've got a coach, Y804GDV.

I now value the buses at 3 grand each after looking on eBay, and that's the 2003 one. No idea about the coach, presumably under 10 grand.

[fleetline6477]

Turnover £250,000, profit £50,000 - they're having a laugh aren't they, especially as further down it says projected profits £20,000-£50,000

Running empty buses on the 11 all day must be highly profitable!!

[Stu]

Can we expect some kind of announcement from CityFox Group any time soon?  :D

On a less-serious note, perhaps one of our armchair bus operating high-flyers here might consider having a go at actually running a bus company?  ;)

[Steveminor]

I now value the buses at 3 grand each after looking on eBay, and that's the 2003 one. No idea about the coach, presumably under 10 grand.

I was working for them when they bought the Alexander's so I know they were bought for less than 3k for the pair. Zfs still has outstanding finance so has no asset value as yet don't know about the 4th bus as it was acquired after I left for claribel.
The coach is no longer in the fleet so I would estimate they have an asset value of less than 10k with a goodwill value of 0.
The o discs may be of value to Mike James I hear he's in need of some.