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School Transportation Company
Location: United States -> New Jersey -> Passaic County
Industry: Business Services > Transportation – Airplane, Taxi, and Limousine




Business Summary

Profitable private school bus transportation company located in Northern New Jersey, 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. The process requires each school bus company to bid with each municipal school system at various times during the year for yearly school routes. These routes are contracts for the nine-month school year period, special short-term routes or summer transportation programs. This company presently has nine school routes in three separate municipalities consisting of Bergen, Essex and Passaic Counties.

The sale includes twelve van buses 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 of drivers. They are a family owned and operated company with over 10 years' experience in school bus transportation and they understand the needs and concerns of the children and school systems they serve. This transportation industry requires licensing and government agency approval.

This transportation business has seven licensed part time employees who are unaware of the pending sale and fully expected to remain post-closing, also monthly payroll is approximately $7,800. The business has an assignable commercial lease for the vehicles, which expires 2019-01-01 plus additional options, with a monthly rent of $1,000 and rent security $1,000. The business assets have an estimated value of $165,000 and the sale consists of a fully equipped commercial bus transportation company.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $473,960
Cash Flow:   $50,000
Cash Flow Type:  EBITDA
Inventory:  $165,000
Seller Financing:  Yes

About The Business

Year Established:  2007
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing for 60 days in order to supply an appropriate transitional period to the new operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Reason For Selling:  The owner is retiring after many years of success in this service industry.




Print Listing Id: 700324567
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Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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