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Business for Sale Summary

Transport and Bus Business for Sale in NJ - 35223

Business Type: seller financing available,passenger transportation / ambulette,passenger transportation / limo/ bus companies
Owner Financing
 Transport and Bus Business for Sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $900,000 Down Payment $600,000
Gross Revenues $1,740,000 Lease Remaining Register Free to View
Owner’s Cash Flow $450,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and balance at 6% over 24 months

Business Description

Looking for a fast-growing, long-term, multi-purpose, highly profitable business? This established school bus and medical transportation company in Essex County, New Jersey is all of that. The Bus division is up nearly 100% 2022 vs. 2021 and two additional routes are pending in 2023 while the medical division operation is up two-fold from 2021. The company comes complete with 12 school bus route contracts and national and New Jersey State licenses for transporting Medicare and Medicaid patients including its Medicare Network Provider ID (NPI), State licensed Ambulatory (A), Assisted Mobility Vehicle (AMAV), and Basic Life Support (BLS) as well as its contract with the state to transport Medicaid patients. The sale also includes 17 vehicles including 3 ambulances, 9 Wheelchair vans and 5 minivans all free and clear of liens or judgments and each inspected and approved by the State. The Owner is seeking to retire. Contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers at 646-269-4616 for more information on this great opportunity!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.