Business Description

For over 25 years, a leading passenger transportation company in Ohio has been offering reliable and affordable charter bus services. Their versatile fleet can accommodate anywhere from 1 to 56 passengers per vehicle, ensuring they meet diverse transportation needs. The company's skilled drivers and mechanics meticulously inspect and maintain all vehicles in their own shop, upholding the highest quality standards. With approximately 100 contracts in both private and government sectors, this company is a prominent player in the transportation industry. The owner is seeking an enterprise value of $16-$17 million, factoring in $7 million in capital leases which the new ownership would need to assume. The business generates a strong annual cash flow of $3 million after debt, highlighting its financial stability and potential for growth. This well-established transportation company's commitment to excellence, wide-ranging services, and strong market presence make it a lucrative opportunity for potential investors seeking a reliable and profitable business venture in the industry.