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Business for Sale Summary

Medical Transportation Business for sale in NJ - 33767

Business Type: healthcare related services,passenger transportation / ambulette
Medical Transportation Business for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $1,500,000 Down Payment $1,500,000
Gross Revenues $1,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $500,000 Number of FT Employees Register Free to View

Financing

$1,500,000 Down and

Business Description

New to Market! A medical transportation company headquartered in Essex County, NJ, that offers land transport ambulance service as their primary medical specialization is now available for purchase. Non-emergency ambulance service is offered for Medicare patients in need of Dialysis Radiation, Wound Care and Wheelchair Services. Licenses include NPI, National Provider Identification, and non-emergency BLS, Basic Life Support. Its business is all high-margin Medicare, insurance company and Private Pay and nominally BLS Medicaid. Medicare ambulance and wheelchair van charges average $200.00 per trip and Private Pay and Medicaid BLS transportation charges average $100.00 per trip, nearly five times typical ambulatory Logisticare Medicaid charges. Gross revenues and profits for this business were barely affected by Covid in 2020 as demand for its high margin services held up well. High margin business requires a relatively low component of drivers and staff and that results in a very profitable business. This company has that and more. Its Income is well-documented, and the business should be financeable. The sale includes licenses, customer contracts, vehicles- five ambulances and two wheelchair vans- all in good working order- AND a trained crew of EMT drivers and staff. The owner began as an EMT driver and started the business from scratch six years ago. He is relatively young and is looking to cash-out, but management and some equity participation may be possible. For more information on this listing, call Gerald Nimberg at 646-269-4616.

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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.