📢 Deal Alert - A school bus company with 46% margins...

Welcome to this week’s edition of Acquisition Alert!

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-Harry & Carter

Table of Contents

• School Bus Company

• Limousine Company

• Express Delivery Courier

1. School Bus Company

• Location: New Jersey

• Asking Price: $1,600,000

• EBITDA: $500,000

• Multiple: 3.2x

• Revenue: $1,085,000

• EBITDA Margin: 46% 

• Employees: 23

• List Date: 10/1/24

• Reason for selling: Retirement

💬Harry & Carter’s thoughts:

This school bus company in Essex County, New Jersey, has been operating for 16 years and is for sale due to the owner’s retirement. The business includes 11 buses, 11 routes, and a team of part-time drivers and aides, generating $1,085,000 in revenue and $500,000 in cash flow. The sale price includes $653,000 in assets, and the seller will provide training to ensure a smooth transition.

• FF&E: $653,000

• Retiring owner

• High margin

❓️What does the local competition look like?
❓️What certifications are required to own & operate?
❓️What is the owner’s role in the business?

Inquire:

Link to listing here

Broker: Vested Business Brokers

Contact: N/A

2. Limousine Company

• Location: New Jersey

• Asking Price: $1,600,000

• EBITDA: $300,000

• Multiple: 5.3x

• Revenue: $700,000

• EBITDA Margin: 43% 

• Employees: 5

• List Date: 9/30/24

• Reason for selling: Retirement

💬Harry & Carter’s thoughts:

This limousine company, established 44 years ago in Union County, New Jersey, provides transportation services for weddings, proms, and other events. The business generates $700K in sales revenue and $300K in cash flow. Included in the $1.6M asking price is a fleet of 11 limousines, valued at $900K, capable of accommodating 2 to 42 passengers. With five full-time employees, the business has significant growth potential through expanded marketing efforts, such as airport services and casino trips.

• 44 years in business

• Retiring owner

• 5 employees

❓️What condition are the limo’s in?
❓️What is the owner’s involvement in day-to-day operations?
❓️What are the licenses necessary to operate?

Inquire:

Link to listing here

Broker: Vested Business Brokers

Contact: N/A

3. Express Delivery Courier

• Location: Los Angeles, CA

• Asking Price: $3,500,000

• EBITDA: $801,566

• Multiple: 4.4x

• Revenue: $3,076,858

• EBITDA Margin: 26%

• Employees: 40

• List Date: 9/28/24 

• Reason for selling: Retirement

💬Harry & Carter’s thoughts:

This courier company, established in 1988, operates in Los Angeles, specializing in same-day delivery services across Southern California. Generating $3.08M in revenue and $801K in cash flow, the company has grown significantly since its inception. It utilizes a fleet of 8 company-owned vehicles and 10–15 contractor vehicles to serve various sectors, including medical labs, law firms, and food distribution. The asking price is $3.5M, with 40 employees and long-term customer relationships in place.

• Retiring owner

• HIPPA and OSHA compliant

• Established in 1988

❓️Are there contracts in place with customers?
❓️What condition are the trucks in?
❓️Who are the main competitors?

Inquire:

Link to listing here

Broker: CrossRoads Business Brokers

Contact: N/A

Thanks for reading and don’t hesitate to reach out! - Harry & Carter

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