Price
$13,500,000
Profit *
$2,900,000
Sales Revenue
$6,400,000
Location
South-East Queensland, South East Queensland
Category
Services, Car/Bus/Truck
Listing #
SC00496
This is an outstanding opportunity to acquire the dominant regional provider of school-run services and charter buses.
The fleet of buses is constantly expanding with the latest in technology and comfort. Coaches are regularly maintained and serviced in-house, then cleaned to exceptional standards. All drivers are local, undergo yearly assessments, are qualified above industry standards, and are renowned for their excellent service.
While the business has placed a great deal of emphasis on strategic relationships within its core market, the current owner believes that the business has the capacity for further development and success. A recent influx of residents, along with rapid community expansion throughout the region, presents an excellent opportunity for growth.
State school bus operators enjoy exceptional benefits: the contracts have an automatic right of renewal, the buses are 100% subsidised upon renewal, including an interest allowance, and payments for operating the service are received as scheduled.
Business Highlights:
* Operating in the region for over 65 years
* Fleet of 50+ buses, plus other vehicles and trailers
* Own workshop for prompt servicing and maintenance of fleet vehicles
* 16 evergreen government-school-based contracts, with a 100% subsidised fleet
* Recently won a major private school contract
* Bus fleet and workshop assets valued at $10m included
Key Financial Information (forecast):
Revenue: $6,400,000
PEBITDA: $2,900,000
Asking Price: $13,500,000
Business Broker: Ivan Carlse
To learn more about this unique opportunity and receive the Information Memorandum, please complete a quick online confidentiality agreement by clicking the navy ENQUIRE NOW button on LINK's website.
Keywords: Transport, Transportation, Transit, Operator, Passenger, Cargo Travel, Bus operator, School run
Ref: SC00496
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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