School Bus Transportation Company for Sale - 37152

Financing

$199,000 Down and

Business Description

The Value of This Business Well Exceeds its Price! This Essex County, New Jersey school bus transportation company has been in business for 30 years and operates a very profitable two route, limited schedule, Monday through Friday. The business is operated by the Seller and his wife as such, requires no payroll. It is an excellent entry level business for those getting started; It is an excellent option for those seeking a 2nd income with minimal investment of time; It is an excellent roll-up opportunity for those in business seeking the benefits of scale; It is an excellent opportunity for existing companies to reduce their auto insurance costs. School bus companies in Jersey typically pay anywhere from $5,700 to $9,000 per vehicle for auto liability insurance depending on their accident history. This company has a zero loss claim history for more than 20 years and pays $5,000 per vehicle for all its insurance including Auto, General Liability and Worker’s Compensation insurance combined. Further, additional vehicles can be added at the same cost per vehicle, about $4,300 per vehicle. Moreover, Auto Insurance for new companies is almost non-existent and, where available, can well exceed the costs described above. Growth opportunities in the industry are exceptional. The business comes with 2 Essex County school bus contracts, 2-2014 Lincoln MKEs, a 2017 Dodge minivan and a 2014 Dodge minivan. 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.