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Established in 1990 and has become an iconic institution for the Sunshine Coast during the intervening years, this business offered for sale is operating in two segments being school buses and coach hire.
The business has a fleet of ten buses included in the sale, plus the mechanic’s ute and a trailer, operating from purpose-built freehold facilities close to its major client base.
There exists a number of contracts held between the company and TransLink as the client. All the schools presently supported for charter operations have been with the company for decades and the local community relies upon the business for its volume of transport services.
Running with a small team, the business owner is now past retirement age and believes this is a great opportunity for a family business providing an entry point to enter this busy business segment. The business is successfully managed and fleet utilisation is such that cross-hires are an established source of additional revenues for the business.
Recent Income (2022) was approximately $1.35 million and is exclusively from activities of school runs and charter services.
This Business is being offered as a going concern, it is not a share sale. The offer is cash-free debt free – which normally includes the business working capital comprised of debtors and creditors. The business is being offered with all property and buildings, plant, and a fleet of vehicles and equipment included.
The Director’s opinion of value for the land is $2.2 million and the business as a going concern is $1.1 million.