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Business for Sale Summary

Transport and Bus Business for Sale in NJ - 35223

Business Type: other personal services,passenger transportation / ambulette,passenger transportation / limo/ bus companies
Transport and Bus Business for Sale in NJ
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This business has received 346 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,550,000 Down Payment $1,550,000
Gross Revenues $2,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $600,000 Number of FT Employees Register Free to View

Financing

$1,550,000 Down and

Business Description

Seller financing is available to a qualified Buyer. Looking for a fast-growing, long-term, multi-purpose, highly profitable business? This established school bus and non-emergency medical transportation company in Essex County, New Jersey is all of that. Revenues and profits have increased annually since inception. The company comes complete with vehicles, drivers, contracts, and an array of licenses to transport school children and Medicare and Medicaid patients at the federal, state and local level. All income is provable, but the seller requires a cash down payment at closing with no bank financing. Seller financing is available for the balance. With proof of funds more than $1.2M this long-lived, repeat special needs school children transportation business can be yours. Buyer will have to post a $50,000 refundable deposit with an attorney within 30 days after reviewing Seller’s documents. The Owner will stay through a lengthy transition. Contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers at 646-269-4616 for more information on this great opportunity!

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.