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Business for Sale Summary

Medical Transport Company for sale in Bergen Count - 33905

Business Type: healthcare related services,passenger transportation / ambulette
Medical Transport Company for sale in Bergen Count
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This business has received 17 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,600,000 Down Payment $1,600,000
Gross Revenues $1,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$1,600,000 Down and

Business Description

A company that provides ambulance and basic life support services to Medicare patients in Passaic and Bergen Counties is up for sale. This company is a Premium provider of pre-hospital and inter-hospital medical transportation in the state of New Jersey. It is fully licensed by the New Jersey Health Department (NPI, MAV, BLS) to provide Basic Life Support and wheelchair service to Medicare patients across the state. Much of its business is contractual with nursing homes and hospitals while other business is based on long-standing stellar service. This is a highly profitable, well-managed business with significant growth opportunity seeking a growth-minded Buyer. Prior experience is not necessary as the Seller will stay. The business declined in 2020 due to Covid-19 but that business is now coming back, and full recovery is likely by summer. From that, there is opportunity to grow in every direction whether accepting business the owner turns down, by adding hours of operation, by expanding service to other counties, by providing 911 Emergency ambulance service, by servicing Medicaid patients or by rolling up other medical transportation companies in an industry dominated by small independent companies. The business comes with five owned and fully equipped ambulances, four stretcher wheelchair vans, thirteen trained full-time drivers and seven part-time licensed EMT drivers. There is so much opportunity to build this business in every direction; it is a businessman or healthcare professional's dream. The Seller has had other long-standing business interests that have prevented him from building this business to the next level. 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.