Special Needs Transportation
Greater Boston Area, Massachusetts
| Asking Price: |
Gross: |
Cash Flow: |
| $1,150,000 |
$1,413,614 |
$511,360 |
Furniture and Fixtures Value:
$170,000 (included in the asking price)
Business Summary:
The company provides special needs transportation under Massachusetts 7D people transportation guidelines. Students include those with special needs, students that are homeless and covered under the McKinney-Vento laws. Under the Covid19 restrictions, only 2 students can be transported per vehicle which has actually increased the profitability as they are charging higher rates. The seller feels that this is going to continue perpetually. There are currently 24 drivers and 1 office staff, all of which are part-time. The company has 26 vehicles and the drivers do take them home. The current location is in a free-standing office space owned by one of the partners. They pay no rent, so buyers can lease or turn this into a home-based company. Clients are all schools of which 25% of them have signed vendor contracts with the company. They do bi-weekly payroll through QuickBooks and payroll is done in-house through another program. Please refer to listing # 3353159903 and ask for business broker JOSEPH NICOLINI when inquiring. Thank You!
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| Year
Business was Established: 2017 |
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| Number of Employees:
25 PT |
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| Potential
Growth/Expansion:
The addition of more vehicles and expansion of the current territory service should increase business |
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| Competition:
There is competition but this company is the go-to transportation for the schools. |
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| Owner
willing to finance:
Other Financing: $804,160 @ 6% for 120 months = $8,927.82 per month payments |
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| Owner
willing to train:
Three weeks of training at no cost |
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| Reason for selling:
Partners are moving in different directions |
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| This business is Home Based.
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| REQUEST MORE INFO |
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