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Financing: $2,200,000.00 Down and $300K for 3 months @0% Reason for Selling:Retirement
This school bus company located in Middlesex County, New Jersey is available at a greatly reduced price reflecting one of the Sellers’ deteriorating physical condition. The bus company returns a profit of nearly 32% of revenues in a market that is primed for recapture, and the Sellers will work tirelessly with a young aggressive buyer to restore lost business. The Company utilizes six new wheelchair-equipped buses, five awarded routes, drivers, aides and a wealth of experience in the bidding process as a foundation to return it to greatness. The fully equipped, three-bay mechanics shop was an active profit center serving its own fleet and other school bus companies in the area. Previously, the shop generated up to $700,000 in gross revenue with a profit margin of nearly 50%. Experienced mechanics are available to immediately bring the shop back to being the ‘Go To’ service station for all County bus companies. Its standby vehicles which are included in the sale are impressive and include twelve 16-seat yellow school buses, all 2020 vintage or newer, many of which are wheelchair equipped for one or two wheelchairs. You cannot find a newer fleet, greater availability of late model school buses, or a better equipped mechanic’s shop at the price offered anywhere in the State of New Jersey. The back-up capacity in all aspects of this business along with the Sellers’ commitment to restore this company to its former self should not be overlooked. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616, or by email to gnimberg@vestedbb.com. In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement. |
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
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1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
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