Geelong School Bus Contract Business

Secure school bus contract business operating 3 government-contracted routes in the Geelong and Bellarine Peninsula region of Victoria. Government school bus contracts provide the most secure income stream available in the transport industry.

Business Overview:
This business holds 3 Victorian Government school bus contracts that have been operated by the current owner for 14 years. School bus contracts in Victoria are long-term arrangements (typically 7-10 years) with annual CPI-based rate increases, providing predictable and growing income.

Contracts:
- Route 1: Geelong to Bellarine Peninsula (renewed to July 2031)
- Route 2: North Geelong to Lara/Avalon corridor (renewed to July 2030)
- Route 3: Ocean Grove to Geelong (renewed to July 2031)
- All contracts are with the Victorian Department of Education
- Rates increase annually in line with government indexation

Fleet:
- 2019 Hino RN8J 58-seat bus (approximately 280,000km)
- 2018 Hino RN8J 58-seat bus (approximately 320,000km)
- 2016 Mitsubishi Rosa 25-seat bus (approximately 210,000km, used for Route 3)
- All buses maintained to VicRoads roadworthy standards

Staffing:
- Owner drives Route 1 (approximately 3 hours/day)
- 2 employed drivers for Routes 2 and 3
- All drivers hold current Working With Children Checks and bus driver accreditation

Financial Performance:
- School contract income: $6,800/week (40 school weeks + partial holiday payments)
- Charter work (school excursions, sports, community groups): $1,700/week average
- Weekly gross: $8,500
- Driver wages: approximately $2,400/week
- Fuel: approximately $1,100/week
- Insurance: approximately $450/week
- Maintenance: approximately $500/week
- Rego: approximately $180/week
- Net profit (owner drives 1 route): approximately $3,870/week
- Annual net: approximately $201,000

Key Advantages:
- Government contracts = guaranteed income
- Annual CPI rate increases protect against inflation
- School terms provide structured work schedule
- Charter work supplements income during school holidays
- Geelong's growth means increasing student numbers and potential for additional routes
- Significant barrier to entry (contracts are awarded, not easily obtained)

Reason for Sale: Owner is 64 and retiring.

Training: Full school term handover (approximately 10 weeks). The owner will drive alongside you, introduce school contacts, and ensure all Department of Education transition requirements are met.