Gabriola Taxi  Featured

Gabriola, Nanaimo District
  • IMG_0360
  • Price: $ 75,000
  • Location: Gabriola, Nanaimo District
  • Industry: Transportation
  • Listing ID #: 5604
Details Request for Listing

Ref # : 5604

For Sale By Owner $ 75,000

Description

PRICE REDUCED TO $75,000!!!!! (previously $90,000)

Gabriola Taxi has the exclusive rights to provide taxi services on Gabriola Island.

Gabriola is a beautiful and peaceful gulf island, with a population of about 5,000 year round residents, which rises to about 10,000 residents in the summer.  We are a 20 minute ferry ride from downtown Nanaimo, or a 20 minute flight from Vancouver Airport's South Terminal in Richmond.

Gabriola has had a taxi service for about 30 years, and we have a very loyal, established clientele of full-time Gabriolans, and we also serve the many visitors Gabriola receives each year. 

Business has been steady even during COVID! Last summer Gabriola was busy!  
All of its summer residents were here, as well as a seemingly record number of visitors, mostly from BC. 

This summer it is getting busier every day, and as travel restrictions and entertainment restrictions are lifted, the taxi will be in even higher demand!

We are selling the business due to a diagnosis of terminal cancer.  We will do everything we can to ensure this business continues to serve the lovely people of Gabriola.

We currently have 4 loyal, part-time drivers. So the new owners will have a lot of flexibility with respect to how many hours per week they want to drive. We (Karen and Charles) can also be backup drivers for the new owner.

We are asking $75,000 (previously $90,000) for the business, excluding the 2 vehicles currently operating as taxis.  This includes the taxi license as well as all signage, cell phone, website, contracts, stationary, etc.

2 vehicles are also for sale, optionally and separately, (but not without the business.)  One is a 2020 Chevolet Bolt all-electric vehicle.  Asking $25,000 (previously $30,000.)  The other is a 2020 Chevrolet Volt hybrid vehicle. Asking $20,000 (previously $25,000.)

One vehicle can be included with the business, a 2000 Nissan Altima, which was the taxi when we bought the business in January of 2020.  Good for backup vehicle, or trade-in, or possibly the Scrap-It program.

You could buy one or both of our currently-used taxis OR you can operate ANY vehicle as a taxi, as long as it passes inspection.  You could use a vehicle you already own, for example.  We do find the electric vehicles are very efficient to operate.

This is a fun and straight-forward business to operate! We will train you, and help you in every way we can.

Usually, the transfer of a taxi licence can take months, but as we are facing a critical health issue, there is a mechanism in place with the Passenger Transportation Board for an urgent transfer process.  So the new owner could be in operation for some of the busy summer of 2021!

Financing can be available to a qualified buyer.

Please also note that Venture Connect also provides services to potential buyers, ie helping with deciding if this business is right for you, determining that this is a fair price (we used VentureConneect to assist with our valuation), writing up an offer, etc.  Apparently all their services are free now due to Covid. 

Let's get this done!

Peace and Love

 

 

 

 

 

Community Futures BC

Additional Details

  • Business Information
  • Contact Phone : 250-325-0713
  • For Sale By : owners
  • Hours of Operation :

    Currently, due to COVID and ill health:

    Sundays 6 am - 4:30 pm, Mon-Sat: 8 am - 8 pm except closed Tuesdays

    Pre and post COVID, taxi could profitably run as early as 6 am and as late as 2 am, especially Thursday, Friday and Saturday evenings.

  • Contact Details
  • Contact Name : Karen Herle or Charles Wilson
  • Contact Email : GabriolaTaxi@shaw.ca

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