Price: $195,000
Location: Somerset County, New Jersey
Industry: Transportation
Listing ID: TRAN126
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.
Listing Details
Revenue: $115,800
Cash Flow: $68,000
FFE: $15,000 (Included in Price)
Inventory: $500 (Included in Price)
Reason For Sale:
The owner is retiring after many successful years in this transportation industry.
Training & Support:
The owner will remain post-closing for 45 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.
Location
Security on Lease: na
Lease Option: Yes, Available
Monthly Rent: NA
Type of Location: Commercial Avenue
Relocatable?: Yes
Facilities Information:
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.
Summary
Owner Qualifications:
This transportation industry requires New Jersey State licensing and government agency approval.
Competition:
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.
Potential Growth:
The business presently has a limited marketing plan, no web site and if improved can further develop the business net income.
Financing/Terms:
seller financing has been approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.