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Business for Sale Summary

Medical Transport Company For Sale in Middlesex Co - 32883

Business Type: passenger transportation / ambulette
Medical Transport Company For Sale in Middlesex Co
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Financial Information (non-confidential)

General Information
Asking Price $625,000 Down Payment $625,000
Gross Revenues $800,000 Lease Remaining Register Free to View
Owner’s Cash Flow $200,000 Number of FT Employees Register Free to View

Financing

$625,000 Down and

Business Description

Available in Whole or in Part A non-emergency medical transportation company located in Middlesex County, New Jersey has come on the market. This 23-year old company provides state-funded transportation services to Medicaid patients in Union, Essex and Middlesex counties. It has an invaluable ambulance license with which it intends to enter the private funded, highly profitable Medicare, Insurance and Private Pay markets. New ambulance licenses are no longer being issued in the state and the last sales price for an ambulance license is reported to be $380,000. The company has the structure to grow substantially in all aspects of the business. A modest investment of capital ($30,000) to acquire life-saving equipment plus elevating the skill set of its drivers is all that is needed to double its business. And less than $10,000 more is all that would be needed to offer emergency ambulance services as well. The business comes with state licensing, licensed software, trained, tested and approved drivers and 15 vehicles (ambulance, wheelchair, mini-vans and an SUV). The owner seeks to retire or, for the right person, to form a partnership with a person whom he can train and that would allow the Seller time off. Price for a 50% share is $325,000.

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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.