Cash Flow Rich - Yellow School Bus Company
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2500000
Net Profit / Cash Flow $600000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1970
Number of Employees 50 - 99
Inventory 1355000
Relocatable Yes
Number of Employees 50 - 99
Real Estate Owned
Training A comfortable six months transition period will be provided by an owner who truly wants to retire and who wants to see his business continuing to flourish. A very well trained and highly qualified team will stay in place and support the new owner in all a
Reason for Sale Retirement.
Description This ''Yellow Bus'' School Transportation Company provides dependable and historically safe services to the NJ Public School System in the northern part of the state. The company has experienced tremendous growth in 2010 and 2011 while at the same time eliminating less profitable routes. A modern fleet of over 30 buses is included. The seller's facilities (available separately at $775k) include an 11,000 SF building along with 2 nearby lots - a prime location to service extremely desirable routes.
The company enjoys a competitive advantage by providing reliable school bus transportation to the NJ Public School System with a SECURED revenue stream. In addition, the firm holds extremely attractive and lucrative routes (through yearly owner renewable contracts that have been in place for over 2 decades). The company is well positioned to expand services to the private sector beyond that.
The company's tax returns have been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.4x EBITDA (ttm). A complete report is included in the prospectus. There is a tangible asset base of over $1.35M and the deal includes $150k in current A/R. The business is pre-qualified by an SBA lender subject to buyer's financials, and by implementing the proposed deal structure an owner operator will obtain $280k in after-debt cash flow.
A comfortable six months transition period will be provided by an owner who truly wants to retire and who wants to see his business continuing to flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
Click Here To Contact Seller
|
|