This is a solid charter bus company. It has established relationships with many loyal customers in its community and surrounding area. The business maintains several contracts with schools, universities, churches, etc. Some of these contracts have been in place for years. The business is well organized and well documented. The business for sale maintains an impeccable reputation. It provides top notch charter bus and casino trip services. The fleet consists of two Van Hools that the seller values at $200,000 (included in purchase price). $2000 of inventory is also included in the sale price. The annual sales have been $266,000 in 2007, $326,000 in 2008, $217,000 in 2009, and the company projects $270,000 in 2010. If you are interested in the transportation industry, this could be a great company for you--a nice income and great potential for growth. If you already own a charter bus company in the region, acquiring this company is a cost effective way to create immediate and lasting cash flow while increasing the enterprise value of your existing transportation company. Please contact Spencer Tenney, CBI at stenney@charlestenney.com for more information.
Seller Financing:
N/A
Year Established:
1997
Mgmt. Training/support:
2 weeks training from owner included in sales price. More can be negotiated if desired.
Reason For Selling:
Retirement
Facilities:
Monthly lease is $675. Utilities included. It has 3 separate office areas and a restroom. Outside is an adjacent parking lot where the buses park for free. The buses and office have high visibility on a busy street. Assumption of lease is optional.
Market:
The company is top charter bus provider in the area. Overall, the charter bus industry is very fragmented. The opportunities to expand in the local market and throughout the region are significant.
Outlook/Competition:
The company has very little competition in the surrounding area. The outlook is strong moving forward. The current ownership expects gross revenues to return close to normal levels (270,000) in 2010
