Special Needs Transportation

Not Disclosed, MA
Middlesex County

Greater Boston Area

Asking Price: Annual Revenue:
$899,000 $745,008

Services: Taxi, Limo, & Passenger Transportation

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RE: Special Needs Transportation Broker: Joseph Nicolini

Quick Facts

Asking Price: $899,000
Annual Revenue: $745,008
Net Profit: Not Disclosed
Cash Flow: $249,096
Total Debt: Not Disclosed
FF&E: $170,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 25
BBN Listing #: 8852630
Broker Reference #: 3353159903

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Business Overview:

The company provides special needs transportation under Massachusetts 7D people transportation guidelines. Students include those with special needs, students that are homeless and covered under the McKinney-Vento laws. Under the Covid19 restrictions, only 2 students can be transported per vehicle which has actually increased the profitability as they are charging higher rates. The seller feels that this is going to continue perpetually. There are currently 24 drivers and 1 office staff, all of which are part-time. The company has 26 vehicles and the drivers do take them home. The current location is in a free-standing office space owned by one of the partners. They pay no rent, so buyers can lease or turn this into a home-based company. Clients are all schools of which 25% of them have signed vendor contracts with the company. They do bi-weekly payroll through QuickBooks and payroll is done in-house through another program. Please refer to listing # 3353159903 and ask for business broker JOSEPH NICOLINI when inquiring. Thank You!

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Property Features and Assets:

Building Type Office Monthly Rent/Lease: 0 Facility Type Free standing Lease Expiration Date N/A Leasable Square Feet: 30.

Market Competition and Expansion:

There is competition but this company is the go-to transportation for the schools. The addition of more vehicles and expansion of the current territory service should increase business.

Reason for Selling:

Partners are moving in different directions.

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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