MergerPlace

Profitable Well-Established

New York


  • Asking Price: $1,300,000
  • Gross Income: $5,848,567
  • Cash Flow: $352,810
  • Real Estate: Not Disclosed
  • Inventory: $90,000
  • FF&E: $496,000
  • Listing ID: #209575
  • Established: 1980
  • Employees: 65 FT / 10 PT

Business Description

Growing school Transportation Company with recurring revenue from long term clients.

NY State DOE approved Transportation Company serving large public school districts and other organizations in the 5 boroughs.

They pride themselves on their excellent reputation and their long term (30+ years) customers. They offer personalized service and have built their business mainly through word of mouth.

The company has a wide client base and the opportunity to expand. Currently turning down work. No debt - the business owns all of its vehicles and have no lease/loan payments.

The company has a dedicated staff and has streamlined its operations and maintenance which leads to strong profit margins.


Business Details

Primary Business Category: Transportation and Warehousing
Location: New York

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 65 FT / 10 PT

Financial Information

Asking Price: $1,300,000
Gross Revenue: $5,848,567
Cash Flow: $352,810
FF&E: $496,000
Inventory: $90,000
Seller Financing Available: No

Property Information

Facilities:

The company rents a 50,000 sf facility. There is additional space available if the new owner needs it for expansion of the business. The lease is a net lease and is renewable.

Growth & expansion opportunities:

A great opportunity for growth exists, through marketing and adding many more school boards in the area.

Competition:

The industry is highly fragmented with several smaller and larger competitors. There has been consolidation in the industry with the large companies buying the medium size companies and the medium size companies buying smaller companies.

Reason for selling:

Estate planning.

Support & Training:

Will train for 2 weeks @ no cost Services and revenue breakdown: School transportation - 70% Summer camp transportation - 15% Charter service - 15%

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Business Listed By:

Ed O'Deven

Murphy Business Brokers