School Bus Business in Middlesex County-33329

Not Disclosed, NJ
Middlesex County


Asking Price: Annual Revenue:
$2,300,000 $1,900,000

Services: Taxi, Limo, & Passenger Transportation


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RE: School Bus Business in Middlesex County-33329 Broker: Gerald Nimberg

Quick Facts

Asking Price: $2,300,000
Annual Revenue: $1,900,000
Net Profit: Not Disclosed
Cash Flow: $430,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 42
BBN Listing #: 70484447
Broker Reference #: 33329

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Business Overview:

Located in Middlesex County, New Jersey, this well-established school bus transportation company started from scratch sixteen years ago and it has grown to prominence. It now transports special needs children in Somerset, Ocean, Monmouth and Middlesex Counties and beyond as it continues its upward climb. However, each new contract awarded to this company necessitates further investment in school buses and two minivans vans at the beginning of the company have grown to a fleet of 35 vehicles- 7 minivans, 10 yellow 16 to 20 seat school buses that have added wheelchair capability, and 18 wheelchair vans. All of it owned and purchased out of profits with minimal outside financing.The Sellers have decided to sell now before the further cost of growth exhausts their ability to manage and finance. The company has 29 full-time drivers and 15 aides. All vehicles are in working order.The business is situated on the corner of a highly trafficked four-way highway that contains a branded gas station, a two-bay garage used somewhat by the bus company, and parking for a few of the buses. capability. The property may be purchased separately. For more information Please contact Gerald Nimberg. Please use email reply button of this ad to contact us.

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Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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