School Bus Business in Essex County - 32009

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Asking Price:
$1,200,000

Gross Revenue:
$1,000,000
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This 20-year old Bus Company serves New Jersey Essex and Sussex Counties to provide bus transportation for school and special needs children and ambulatory vehicle transportation for handicapped children as well. Headquartered in Essex County, the owners are willing to sell their business to the right buyer and go their separate ways. This business is very profitable since the licensing, contractual, financial and driver requirements to transport school bus children along with the cost of owning and running a fleet of 16 vehicles comprised of 2-21 passenger school buses, 13 wheelchair vans and 1 ambulance and the high cost of insurance all of which limit competition. This long-standing transportation company has the license, experience, reputation, vehicles and drivers to grow within the counties it currently serves, and it can expand into any other county within the state. Moreover, since the industry is mostly served by small, independently owned companies, the roll-up opportunities are equally prominent. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer. Please contact the broker, Gerald Nimberg.

About the Business

Location:
Essex County, New Jersey
Year Established:
1999
Number of Employees:
30
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About the Sale

Training/Support:
Yes

Listing Info

ID:
1606037
Ad Detail Views:
0

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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