School Bus Service for Sale in Essex County, New Jersey - 37568

Financing

$800,000 Down and $150K for 12 months @0%

Business Description

The owner of this 11-Route Essex County school bus company wants to retire. The business comes with 2-year renewable school board contracts, 11 vehicles, licenses, insurance and a full complement of seasoned drivers and Aides.

The core business can be grown simply by adding vehicles as the owner routinely turns away profitable business. Age and burn-out have caught up with him. Other avenues inviting growth include use of the existing vehicles and drivers/aides to transport children to summer school and field trips or adults for charter bus trips.

There is so much room for growth in the existing county that expansion to other counties, while possible, is not necessary. In addition to the opportunities mentioned above, a younger owner can acquire a 54-seat yellow school bus which is in such great demand that high margin route growth is certain. Moreover, the opportunity to roll up other bus companies in the region is ever present.

This company can become a generational foundation piece for the right buyer. Its profit margin of 35% may slip a bit as growth will require support but absolute wealth is there for the taking.

For more information contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers 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.