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Business for Sale Summary

Transportation Company for sale in New Jersey - 32010

Business Type: passenger transportation / limo/ bus companies,seller financing available,passenger transportation / ambulette
Transportation Company for sale in New Jersey
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This business has received 120 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,100,000 Down Payment $800,000
Gross Revenues $1,100,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$800,000 Down and Balance at terms to be determined

Business Description

This company provides bus service for school and special needs children as well as ambulatory and ambulance vehicle transportation service for handicapped children. Its wheelchair and ambulance license also permit the company to service Medicare, insurance and private pay customers at will or under contract with municipalities, hospitals, nursing homes and assisted living facilities. Also, the company has fully equipped ambulances and the license to provide Emergency 911 service merely by upgrading the training of its drivers to EMT level. The school bus transportation and medical transportation business, particularly the emergency medical transportation business, are very profitable since the licensing, contractual, financial and driver requirements to provide these services along with the cost of owning and operating a fleet of 16 vehicles comprised of school buses, wheelchair vans, mini-vans, and ambulances and equally limiting, the mere availability of insurance to new entrants each pose a very high barrier to entry. There have been times in the past when the State stopped issuing new ambulance licenses thus, driving up the value and cost to obtain an existing license which has a reported value well in excess of $200,000 just for the license. This business can grow in any number of ways. The School bus and Special Needs business can expand into other counties and the roll-up opportunities in a fractional market are plentiful. Of even greater significance, the ambulance business is begging for development. The owners are willing to sell their business to the right buyer and go their separate ways. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer. Please contact the broker, Gerald Nimberg 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.