Industry sector: Transport

Coach firm: Rent

You will need an operating centre that will be big enough to allow you to:

  • accommodate all your vehicles
  • carry out safety inspections of your vehicles
  • valet and work on your vehicles (unless you arrange for this to be undertaken elsewhere)
  • accommodate a fuel tank
  • undertake all your administrative tasks

Depending on the scale of your operation, you might also need passenger, staff, catering and ticketing facilities.

If you are going to rent the premises, enter in your cash flow forecast the amount of rent you will have to pay in the months that you have to pay it.

If you have not yet decided on a particular premises you could contact a local estate agent who handles commercial property to get an idea of how much the rent is likely to be.

Your solicitor will help you with the lease agreement but make sure that you are clear about:

  • whether the premises can be used for coach and bus operation
  • how frequently the rent will be reviewed
  • how long the lease runs for
  • what you and the landlord are each responsible for
  • the position as regards sub-letting