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.
- Asking Price:
- $195,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $115,800
- Cash Flow:
- $68,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The business has a commercial lease for the vehicles, which expires 2022-01-01 with additional extensions.
- Location:
-
This transportation business is located in Central New Jersey and conducts its services for private and municipalities school systems in Somerset County.
- Premises Details:
-
The owner functions from his private home office and all vehicles are parked at a private commercial lot.
- Size in square feet:
- NA
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, no web site and if improved can further develop the business net income.
- Competition / Market:
-
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.
- Reasons for selling:
-
The owner is retiring after many successful years in this transportation industry.
- Trading hours:
-
The business is active five days per week, with hours from 7:30 am to 3:30 pm.
- Employees:
- This transportation business has three licensed part time employees who are unaware of the pending sale and fully expected to remain post-closing.
- Years established:
- 2018
Other Information
- Support & training:
-
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.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller financing has been approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $150,000 - included in the asking price
- Inventory / Stock value:
- $500 - included in the asking price
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
