Businesses For Sale: Listing Details

Listing Number: Avery Transportation Inc. Beach Lake PA Chartered Bus Co. Since 1930
Category: Service - General Price: $1,500,000.00
Down: Yes
County: Wayne County Gross Sales: $1,250,000
State: Pennsylvania Cash Flow: DNR
Real Estate: Included Cash Flow Method: SDE
Avery Transportation Inc. Beach Lake PA Chartered Bus Co. Since 1930

Beach Lake, Pennsylvania

Financials

Asking: $1,500,000
Included in the Asking Price:
Inventory: $1,700,000
Real Estate: $400,000

Gross: $1,150,000

Cash Flow: Not Disclosed

Summary Description

Avery Transportation was founded in 1930, and the charter bus company is currently owned and operated by Lyle Avery, who represents the 3rd generation of family ownership. They entered the chartered bus market in the late 1950s, and the company now focuses exclusively on the operation of their 9 charter buses. Avery primarily caters to local schools for athletic events and services many regional summer camps. They also provide chartered bus rentals for group transportation to cities, concerts, sporting events, cruises, theaters, casinos, weddings, and other family and professional events. They also manage some company-chartered tours for popular regional events. The business operates primarily through word-of-mouth referrals and repeat business, having catered to customers transportation needs throughout the region for almost 90 years. The companys 9 charter buses are included in the sale and valued at $1,700,000. A bus valuation list is available. The companys website is: www.averytransportation.com.

General Information

Year Established: 1930
Employees: 20

Facilities: An October 2018 Commercial Real Estate appraisal established a market value of the property of $400,000. A copy of the appraisal is available for qualified buyers. There are 3 buildings on the property: 1) a main garage for maintenance, service, and vehicle storage, 2) a metal garage for vehicle storage and spare parts and supplies, and 3) a storage barn for supplies, etc. There is also ample parking onsite for customers to safely park and leave their cars when they board a bus.

Market Outlook
Competition: The business has an excellent reputation and a nearly ninety year successful track record.

About the Sale

Financing: None

Support/Training: The Seller will be available for 30 days to assist in the transition of ownership as part of the purchase price. The owner is also available for a mutually agreeable period of paid consulting.

Reason Selling: Retirement

Contact Information
Jerome M. Thier or Daniel P. Haggerty
Phone: 570-586-7095


Daniel Haggerty
PMJ
200 Abington Executive Park
Suite 102
Clarks Summit Pennsylvania 18411
Phone: 570-586-7095
Fax: 570-586-7096
info@pmjproductions.com
http://www.pmjproductions.com

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