School Bus Company Assets For Sale in Passaic County NJ - 37400

Financing

$1,400,000 Down and 1,300,000.. At 6% for 60 Months

Business Description

The Seller is Retiring and is Offering Significant Financing. Third Party Financing will not be permitted. Asset Sale Only

A 20-year-old School Bus Company in Bergen County, New Jersey has come on the market. The company services Special Needs children and enjoys 15 Routes, most of which have been serviced by the Company for 5 to 10 years and these routes have been renewed each year without bidding.

Its growth potential in its own County is considerable as it focuses on only one district in its 5-district county. The growth potential from the neighboring counties of Passaic, Sussex, Essex, Morris and Hudson is countless given the population density in the Region and the absorption potential of privately held bus companies in the area is unimaginable.

Despite its maturity, the gross receipts have been edging up each year due to cost-of-living increases as the Seller has long since decided to live off peak earnings. Seller’s Discretionary Earnings now stand at 45% of Revenues, which is unheard of in most circles but is the norm for these mature, school bus transportation companies that lack professional management. The profit margins may soften a bit as real growth is achieved; however, generational wealth opportunities are very real.

The current owner is retiring after 20 years and after paving the way for the next owner’s growth.  For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.

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.               

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.