School Bus Service for Sale in Essex County, New Jersey
Essex County, NJ

Financing: $800,000.00 Down and $150K for 12 months @0%

Reason for Selling:

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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