Business Summary:
LISTING ID # 37400The Seller is Retiring and is Offering Significant Financing. Third Party Financing will not be permitted. Asset Sale OnlyA 20-year-old School Bus Company in Bergen County, New Jersey has come on the market. The company services Special Needs children and enjoys 15 Routes, most of which have been serviced by the Company for 5 to 10 years and these routes have been renewed each year without bidding.Its growth potential in its own County is considerable as it focuses on only one district in its 5-district county. The growth potential from the neighboring counties of Passaic, Sussex, Essex, Morris and Hudson is countless given the population density in the Region and the absorption potential of privately held bus companies in the area is unimaginable.Despite its maturity, the gross receipts have been edging up each year due to cost-of-living increases as the Seller has long since decided to live off peak earnings. Seller’s Discretionary Earnings now stand at 45% of Revenues, which is unheard of in most circles but is the norm for these mature, school bus transportation companies that lack professional management. The profit margins may soften a bit as real growth is achieved; however, generational wealth opportunities are very real.The current owner is retiring after 20 years and after paving the way for the next owner’s growth. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.
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