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Listed by:

Transworld Business Advisors of West Florida

Special Needs Transportation For Sale

Middlesex County, Massachusetts, US
Asking Price:
$899,000
Sales Revenue:
$745,008
Cash Flow:
$249,096

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!

Property Information

Premises Details:

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

Business Operation

Expansion Potential:

The addition of more vehicles and expansion of the current territory service should increase business

Competition / Market:

There is competition but this company is the go-to transportation for the schools.

Reasons for selling:

Partners are moving in different directions

Trading hours:

Mon - Fri 6:00 a.m. - 4:00 p.m.

Employees:
25 PT
Years established:
4

Other Information

Support & training:

Three weeks of training at no cost

Furniture / Fixtures value:
$170,000
Relocatable:
This business can be relocated.

Contact Transworld Business Advisors of West Florida

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