Transport and Bus Business for Sale in NJ - 35223

Financing

$1,200,000 Down and balance at 6% over 36 months

Business Description

Seller financing is available to a qualified Buyer. Minimum $800,000 cash availability required. 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. Growth in this business continues to climb. Gross revenues are up 25% over 2023 and 120% over 2021 and Seller’s Discretionary Earnings (SDE) are up 36% over 2023 and 146% over 2021. The company comes complete with 24 school bus route contracts and national and New Jersey State licenses for transporting Medicare and Medicaid patients including its Medicare Network Provider ID (NPI), State licensed Ambulatory (A), Assisted Mobility Vehicle (AMAV), and Basic Life Support (BLS) as well as its contract with the State of New Jersey to transport Medicaid patients. The sale includes vehicles, licenses, contracted routes, leases and 3rd party contracts all free and clear of liens or judgments and each inspected and approved by the State. The Owner is seeking to retire. He will accept a 50% Partner. 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.