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National Busing Government Contract Transportation
Location Utah,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1362000
Net Profit / Cash Flow $500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 35 - 49
Inventory 900000
Relocatable Yes
Number of Employees 35 - 49
Real Estate Leased
Training All employees most likely will stay a total of about 44 employees, FT and PT. Owners will be available for a smooth transitioning.
Reason for Sale Good Timing, approaching retirement.
Description This superior passenger transportation business for sale started in 2003 and since then their excellent service has grown and gained a great reputation a new owner would be proud to take on as his own. This fine Utah based business contracts with the US government and the major account with them is the Department of Veterans Affairs. They also have a GSA contract which brings in other business as well. This transportation business is a nationwide company with operations in California, Nevada, Indiana and Maryland and is willing to work in any state where there is a contract that is profitable. This exceptional business for sale is a great opportunity to take a business that is already successful and build on that foundation to secure your future. After years of hard work and loyal customers standing true throughout the years, the current owners are ready to retire and see a new owner take it to the next level. This company is worth millions, asking Range $2.5M-$5 Million.
There is no real estate involved so this business could be moved anywhere in the United States. The owners work out of their residences and the business is conducted by phone, fax and e-mail. Once or twice a year, one or more of the owners visit the operating divisions. The drivers are responsible for excellent customer relations and competent operation of the buses. Name, reputation, profitability, established patronage, growth capabilities, and priced to sell make this offering a sound venture for the fortunate party who acquires it.
This is a home based business and can be performed from any state.
Expansion opportunities for a new owner might include: expanding into the Washington D.C. market, the Non-Emergent medical sector or Valet Parking. Some other possibilities are Parking Structure leasing and expansion into Commercial markets. The desire to exit has kept the executives from investing in new business, buyer should discuss this with the owners. 20% Financing.
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