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Business for Sale Summary

Transportation Business in New Jersey - 36174

Business Type: business with property available,misc. service/non-classifiable,other personal services,passenger transportation / ambulette
Transportation Business in New Jersey
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This business has received 352 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $4,500,000 Down Payment $2,500,000
Gross Revenues $3,900,000 Lease Remaining Register Free to View
Owner’s Cash Flow $1,100,000 Number of FT Employees Register Free to View

Financing

$2,500,000 Down and Balance Due when Licensed is transfered

Business Description

Seller Financing is Available to a Qualified Buyer, Turn-Key Operation, Experienced Management Team in Place, Multi-Purpose, Asset-Rich, Highly Profitable and Recession Proof. These are the attributes of an Essex County Special Needs School Bus and Non-Emergency Medical Transportation Company. The business involves the management of more than 70 people and the maintenance of 60 vehicles that transport regular and special needs children and non-emergency medical patients. The potential Buyer should have a minimum $1.5 million in equity capital and experience in any of the foregoing. The company comes with 40 school bus routes from multiple school districts, and long-term services to hospitals, medical centers, insurance companies, Medicare and Private Pay individuals, 60 medical transportation and school bus vehicles, an experienced operations and staff support team, licenses and space onsite for a readily available training facility. Thus, it has the size, staff and structure to support maximum growth. The property is available separately by the Seller although the Seller would prefer to sell the property and business together. The owner has acquired related businesses to complement its transportation services including a mechanics shop and an auto body shop, which service the Company’s fleet and the local community as well. These business and properties are available separately. The Owner is now seeking to retire and sell all properties and businesses. Contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers at 646-269-4616 for more information on this great opportunity.

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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.