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This Business has been Sold!
Closing Date: 01/03/2022
Business for Sale Summary

Ambulance Business in Passaic County - 33332

Business Type: healthcare related services,passenger transportation / ambulette
Sold
Ambulance Business in Passaic County
On January 3rd 2022, The Undersigned
Acted as the Advisor to the Deal
Gerald Nimberg
Gerald Nimberg Senior Broker
Servicing: Burlington County, NJ
Mercer County, NJ
New Castle County, DE
Philadelphia County, PA
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $1,800,000 Down Payment $1,500,000
Gross Revenues $2,400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $550,000 Number of FT Employees Register Free to View

Financing

$1,500,000 Down and Balance to be determined for a qualified buyer

Business Description

A company that provides ambulance and basic life support services to Medicare and Medicaid individuals living in Passaic and Bergen Counties is up for sale. Fully licensed by the state- NPI, BLS, VMAV, State Health Department approved- this company can do it all. This company doubled its Medicare business in the last six months and is continuing to climb. REVENUES UP 60% AND NET CASH FLOW UP 70% OVER LAST YEAR. This is a well-managed business seeking a growth-minded buyer. The business comes with seven owned and equipped ambulances, seven stretcher wheelchair vans, thirty trained and licensed EMT drivers and aides. The Seller maintains unscheduled hours and relies on experienced operations support to dispatch and schedule work, answer patient calls and occasionally find fill-in work to plug gaps. The business operates from 4 am to 7 pm each weekday, sparingly on Saturday and not at all on Sunday. There is so much opportunity to build this business in every direction; it is a businessman or healthcare professional dream. The Seller has been in this business most of his adult life having worked as an EMT driver for other ambulance companies before owning this company. He is tired and he is willing to sell. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers, at 646-269-4616.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.