Transportation Business in New Jersey - 36174

Financing

$3,500,000 Down and Balance Due of 1,400,000 with 6% rate for 24 months when Licensed is transfered

Business Description

Seller Financing is Available to a Qualified Buyer, Experienced Management Team in Place.

1. 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 plus a mechanics shop that maintains the Company’s fleet and serves the local community as well.   

The company comes with 40 school bus routes and long-term services to a variety of medical centers, insurance companies, Medicare and Private Pay Non-emergency medical patients.

It has the size, staff and structure to support maximum growth.  The business has 75 people, 62 vehicles, drivers, aides, nurses, mechanics, and a staff of 5.

The transportation company and the mechanics shop operate out of two locations nearby each other. The businesses share a one-story office building. The properties are available from the Seller. 

Acquisition of the transportation business, mechanics shop and the two properties will eliminate $400,000 in rent expense, boost EBITDA to $1.75M and lower the price of the consolidated entity to $6.7M down from $7.9 million, for a 15% reduction in price. 

The ideal Buyer should have a minimum $2.0 million in equity capital and ideally have automotive, logistics, health care, fleet management or insurance company experience.

The Owner is now seeking to retire and sell the 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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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.