Highly-Profitable Student Transportation Company

Essential, Recession Proof Service

This company has been in operations since 1978. The current owner spent 20 years with the company as a manager, prior to becoming owner 11 years ago.

The company provides transportation for pre-school students, ages 2-5 years old that have special needs. General student population serviced includes those that require speech therapy, low-level early intervention, as well as those that are medically fragile.

The company has three active contracts with a NY County.

There is a collective bargaining agreement in place between the company and a local union, in which the current agreement runs through 2025. The union negotiates a contract every three years. All employees, aside from the management team, are union members.

The standard level of working capital required in the business is a minimum of $300-400K, in which payroll is the largest expense.

The current owner has his office management team running the business day to day. His responsibilities include managing the payroll every week, along with optimizing and planning the routes of the vehicles/children.

Given this is a niche industry, there are not many competitors. There is certainly an avenue to grow the business by winning new contracts with different schools/programs.

Reason for sale: Retirement

Transition Period: 3-6 Months