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Business for Sale Summary

School Bus Business in Middlesex County - 33329

Business Type: passenger transportation / limo/ bus companies
School Bus Business in Middlesex County
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Financial Information (non-confidential)

General Information
Asking Price $2,300,000 Down Payment $2,300,000
Gross Revenues $1,900,000 Lease Remaining Register Free to View
Owner’s Cash Flow $430,000 Number of FT Employees Register Free to View

Financing

$2,300,000 Down and

Business Description

Located in Middlesex County, New Jersey, this well-established school bus transportation company started from scratch sixteen years ago and it has grown to prominence. It now transports special needs children in Somerset, Ocean, Monmouth and Middlesex Counties and beyond as it continues its upward climb. However, each new contract awarded to this company necessitates further investment in school buses and two minivans vans at the beginning of the company have grown to a fleet of 35 vehicles- 7 minivans, 10 yellow 16 to 20 seat school buses that have added wheelchair capability, and 18 wheelchair vans. All of it owned and purchased out of profits with minimal outside financing. The Sellers have decided to sell now before the further cost of growth exhausts their ability to manage and finance. The company has 29 full-time drivers and 15 aides. All vehicles are in working order. The business is situated on the corner of a highly trafficked four-way highway that contains a branded gas station, a two-bay garage used somewhat by the bus company, and parking for a few of the buses. capability. The property may be purchased separately. For more information Please call Gerald Nimberg at 646 -269- 4616

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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.