LISTING ID # 36174

Seller Financing is Available to a Qualified Buyer, Experienced Management Team in Place.
Multi-Purpose, Asset-Rich, Highly Profitable and Recession Proof. These are the attributes of an Essex County Special Needs School Bus and Non-Emergency Medical Transportation Company and a mechanics shop that maintains the Company’s fleet and serves the local community as well.
The company comes with 40 school bus routes and long-term services to a variety of medical centers, insurance companies, Medicare and Private Pay Non-emergency medical patients.
It has the size, staff and structure to support maximum growth. The business has 75 people, 62 vehicles, drivers, aides, nurses, mechanics, and a staff of 5.

The transportation company and the mechanics shop operate out of two nearby properties and share a one-story newly constructed office building. The properties are available from the Seller.
Acquisition of the transportation business, mechanics shop and the two properties will eliminate $400,000 in rent expense, boost EBITDA to $1.75M and lower the price of the consolidated entity to $6.7M down from $7.9 million, for a 15% reduction in price.

The ideal Buyer should have a minimum $2.0 million in equity capital and ideally have automotive, logistics, health care, fleet management or insurance company experience.

The Owner is now seeking to retire and sell the properties and businesses. Contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers for more information on this great opportunity.