Taxi Driver Online

The Journal reports that

THE North-East's oldest taxi company revealed that it was being pursued by two potential buyers.

Noda Taxis, which is based in Newcastle's Westgate Road and has a kiosk at the city's Central Station, confirmed it had had two offers in the region of £750,000 for the business.

Newcastle's Metro City Taxis and LP Construction, which is registered in Edinburgh but is owned by Lee Porter, of Chapel Park, Newcastle, have both made offers for the 60-year-old firm
_____________________________

They have 100+ vehicles says their site, so if the new owner keeps them, they get their money back in around two years.

Quicker if an existing firm takes them over.

_________________
IDFIMH

Does TDO have enough funds from its advertising revenue to move into Newcastle? lol.

Regards

JD

_________________
Copyright notice © The contents of this post are copyright of JD and are not to be reproduced outside of TDO without written permission.

I very much doubt the words 'move into Newcastle' appeal to the folks behind TDO.

_________________
IDFIMH

Do they have the rights to plying for hire at Newcastle Station?

If so that is dirt cheap.

_________________
A member of the Hire or Reward Industry

Don't know how the setup works but I suppose someoen will advise us? The mention of a kiosk would suggest they have some presence there?

Regards

JD

_________________
Copyright notice © The contents of this post are copyright of JD and are not to be reproduced outside of TDO without written permission.

And of course they don't 'have' 100 cars.

They have 100 drivers paying them a weekly circuit fee at the current time.

_________________
A member of the Hire or Reward Industry