School Bus Business in Middlesex County - 33329

Financing

$6,400,000 Down and

Business Description

Can’t ask for a newer fleet or a more profitable school bus company. And now the newly equipped mechanics shop (owned by the same family) is included in the sale. Starting from scratch twenty-two years ago, this Middlesex County school bus company has grown to prominence. It now transports special needs children in multiple Central Jersey Counties as it continues its upward climb. The mechanics shop is very well equipped with multiple lifts capable of servicing any size school bus. It was an active profit center until very recently when ownership became very ill and now that the Company intends to sell, it turns away most business focused instead on the Company’s fleet. Experienced mechanics who were previously employed by the Company are available to immediately bring the company back to being the ‘Go To’ service station for all Middlesex County school buses. It services light work- registration and inspection, brakes, oil changes, car washes, and cleaning services, and heavy-duty motor and transmission work. The Company’s vehicle list is impressive, 36 vehicles including 24- 15 plus seat yellow school bus vehicles each of which is wheelchair equipped for one or two wheelchairs, seven 7-seat passenger vehicles that are wheelchair equipped and 5 wheelchair vans. A total of 31 vehicles are on the road and 5 additional vehicles are available to accommodate growth and maintenance. The Company has 24 school bus routes, 23 drivers and 20 aides. Ownership is retiring. Please note there is an equity capital requirement of at least $3 million, and proof of funds is required. For more information, please call Gerald Nimberg, Senior Business Brokers at 646-269-4616.

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