Not Disclosed, NJ
Somerset County

Active county road.

Asking Price: Annual Revenue:
$195,000 $115,800

Services: Taxi, Limo, & Passenger Transportation

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RE: SCHOOL BUS COMPANY Broker: Customer Service
Owner Financing is Available!
seller financing has been approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Quick Facts

Asking Price: $195,000
Annual Revenue: $115,800
Net Profit: $68,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 3
BBN Listing #: 32483909
Broker Reference #: TRAN126

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Business Overview:

Profitable private school bus transportation company located in Central New Jersey, Somerset County with various routes for municipal and private school systems. The owner is retiring after many years in the industry and will remain and train the new owner operator. The company is approved with the New Jersey Department of Community Affairs to conduct transportation services in the state of New Jersey. This company presently has various school routes in the Somerset County area. The sale includes three fully equipped yellow buses representing a substantial value and in excellent working condition. Their operation has an outstanding safety record, has an excellent on time performance level and their equipment is well maintained with a professional team. They are a family owned and operated company with five years’ experience in school bus transportation and they understand the needs and concerns of the children and school systems they serve. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service. This transportation industry requires New Jersey State licensing and government agency approval.

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Property Features and Assets:

This transportation business is located in Central New Jersey and conducts its services for private and municipalities school systems in Somerset County. The owner functions from his private home office and all vehicles are parked at a private commercial lot.

Market Competition and Expansion:

There is limited competition, due to the difficulty of obtaining new state licensing, and the substantial cost of the vehicles. Also, the owner has agreed to supply a long term non-compete agreement to the purchaser.

Reason for Selling:

Owner retiring

Additional Details:

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

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