Established for almost 30 years, this privately owned school bus transportation company services Palm Beach, Broward, and Miami Dade counties. All drivers are W2, licensed, and certified by the tri-county public school system, and the fleet of over 50 sixty-five passenger buses is maintained and inspected by the county every 28 working days. All buses are dispatched by a live operator and tracked via GPS software. This company adheres to all federal transportation employee regulations and is a drug-free workplace, under contract with the Health Care Center of Miami. This business concentrates on charter and private school routes in addition to lucrative field trips and sporting events throughout the tri-county area. There is an operations manager in place, to which the seller is only involved about 10 hours per week and is seeking retirement from the industry. Excellent books and records, recurring revenue from client contracts (assumable), great immigration Visa opportunity, Annualization are based on October 31st Profit and Loss, Seller states 40% growth opportunity in place for 2022. Parking lots are owned by principle and fair market leases are being offered (lots are not for sale). This is a highly confidential sale, to which all prospects must provide proof of funds at this price level. Some seller financing may be available to qualified prospects. Please refer to listing number , business broker Thomas Milana - when inquiring about this listing.
- Asking Price:
- $950,000 (USD) Furniture / Fixtures included
- Sales Revenue:
- $2,166,505 (USD)
- Cash Flow:
- $183,632 (USD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease/Month: 8449 Square Footage: 50,000 Building Type: parking lots
Terms & Options: TBD Expiration Date: 12/31/2024
- Premises Details:
-
Lease/Month: 8449 Square Footage: 50,000 Building Type: parking lots
Terms & Options: TBD Expiration Date: 12/31/2024
Business Operation
- Competition / Market:
-
Non Compete : Miles: 100 Years: 5
- Reasons for selling:
-
Retirement from industry
- Trading hours:
-
Operating dys/hrs : 6:30AM to 5:30pm (as contracted
- Employees:
- 38
- Years established:
- 1994
Other Information
- Support & training:
-
Weeks Training: 2 Cost: $0
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Loan/Seller - Amt: 500,000 Mos: 60 Rate: 7.00 Mo Pmt: 9,900.60
- Furniture / Fixtures value:
- $72,000 (USD) - included in the asking price
- Relocatable:
- This business can be relocated.