Adelaide School Bus and Charter Operation

Secure school bus contract business with charter supplementary income, based in Adelaide's northern suburbs. South Australian Government school bus contracts provide stable, long-term income backed by the state government.

Business Overview:
Operating for 16 years under current ownership, this business holds 2 SA Government school bus contracts covering the Elizabeth/Salisbury/Gawler corridor in Adelaide's northern suburbs. Charter work for schools, community groups, and corporate events supplements the contract income.

Contracts:
- Route 1: Elizabeth to Salisbury schools corridor (renewed to December 2030)
- Route 2: Gawler to northern suburbs schools (renewed to December 2029)
- SA Government contracts include annual rate indexation
- Contracts are transferable with Department of Education approval

Fleet:
- 2020 Hino RN8J 58-seat bus (approximately 250,000km)
- 2019 Hino RN8J 48-seat bus (approximately 290,000km)
- 2017 Mitsubishi Rosa 25-seat minibus (approximately 180,000km, charter use)

Staffing:
- Owner drives Route 1
- 2 employed drivers (1 for Route 2, 1 for charter work and backup)
- All drivers hold required Working with Children screening

Financial Performance:
- School contract income: $6,200/week (school weeks, reduced during holidays)
- Charter income: $2,800/week average (higher in Term 4, lower in Term 1)
- Weekly gross: $9,000
- Driver wages: approximately $2,200/week
- Fuel: approximately $1,050/week
- Insurance: approximately $420/week
- Maintenance: approximately $450/week
- Rego: approximately $170/week
- Net profit: approximately $4,710/week
- Annual net: approximately $245,000

Adelaide Northern Suburbs Growth:
- Edinburgh Defence precinct expansion driving population growth
- Gawler and surrounding areas experiencing residential development
- Northern Adelaide Irrigation Scheme supporting agricultural employment
- Growing student numbers supporting route expansion potential

Reason for Sale: Owner has health considerations requiring reduced workload.

Training: Full term handover (10+ weeks). Owner will run all routes with new owner, introduce school principals and administration contacts, and manage the Department of Education transition paperwork.