LISTING ID # 37152

The Value of This Business Well Exceeds its Price! This Essex County, New Jersey school bus transportation company has been in business for 30 years and operates a very profitable two route, limited schedule, Monday through Friday. The business is operated by the Seller and his wife as such, requires no payroll. It is an excellent entry level business for those getting started; It is an excellent option for those seeking a 2nd income with minimal investment of time; It is an excellent roll-up opportunity for those in business seeking the benefits of scale; It is an excellent opportunity for existing companies to reduce their auto insurance costs. School bus companies in Jersey typically pay anywhere from $5,700 to $9,000 per vehicle for auto liability insurance depending on their accident history. This company has a zero loss claim history for more than 20 years and pays $5,000 per vehicle for all its insurance including Auto, General Liability and Worker’s Compensation insurance combined. Further, additional vehicles can be added at the same cost per vehicle, about $4,300 per vehicle. Moreover, Auto Insurance for new companies is almost non-existent and, where available, can well exceed the costs described above. Growth opportunities in the industry are exceptional. The business comes with 2 Essex County school bus contracts, 2-2014 Lincoln MKEs, a 2017 Dodge minivan and a 2014 Dodge minivan.