Charter Bus Company North Texas -- An Ideal Aquisition Candidate
Seller Financing Available
Asking Price:   Not DisclosedInventory:   $25,000 ++
Gross Revenue:   $4,300,000 (comments below)Real Estate:   n/a
Cash Flow:   $1,525,000 (comments below)FF&E:   $3,750,000 ++
++ included in the asking price         ** not included in the asking price
Gross Revenue Comments: Revenue for 2009 looks very strong
Cash Flow Comments: EBITDA
This company is an ideal candidate for acquisition by another bus company or investment group. This company is a well respected and established charter bus company with a very solid customer base Presently running about thirty buses. The owner is active in the business but manages through deligation to key employees. Revenue for the last ten yearshas consistantly been over 2 Million,-- growing to over 3 Mil in 2006, in 3.5 Mil in 2007--and $4.2 Mil in 2008. Year 2009 looks strong growth is controlled by the owners decisions to add buses while maintaining a focus on contracts which is now about 30% of the revenuu. Adjusted EBITDA is over $1.2 Mil for 2008.
About the Business
Year Established:1992
Employees:18 full time - 15 part time
Relocatable:Yes
Facilities:Locatd in strategic leased facilities with an opportunity to add space or could relocate
Market Outlook and Competition:The focus has been on contract business which now comprises 30% of the revenue and growing. The remainder is Charter. Growth is limited by management decision to select and service accounts without becoming a price leader.
About the Sale
Reason For Selling:The owner feels that it is time to merge or be acquired by a company that can take it to the next level
Seller Financing:Deal Structure for an acquistion would be assume bus debt of approximately $3Mil -removing personal guarantee of Seller, with some owner financing on the balance of purchase.
Attached Files - Attachment Disclaimer
Financial Summary - From Tax Returns41 KDownload

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Business Listed By
Bob McDowell, CBI, BCB, LREB  |  McDowell Business Associates
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Industry: Transportation
Segment: Other Transportation

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