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Special Needs Transportation

Listing Number: 3353-159903

Description

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.

Listing Details

  • Price: $899,000
  • Down Payment: $201,040
  • Sellers Discretionary Earnings: $249,096
  • Total Sales: $745,008
  • Location: Middlesex County, Massachusetts

  • Inventory: $0
  • FF&E: $170,000
  • Employees: 25
  • Year Established: 2017
  • Reason for Selling: Partners going in different directions
  • Category: Transportation
Special Needs Transportation

Business Listed By:

Joseph Nicolini
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