Contracted Medical Transport Business for sale in - 34755 Business Type: healthcare related services,misc. service/non-classifiable,other personal services,seller financing available,passenger transportation / ambulette
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,350,000 | Down Payment | $800,000 |
| Gross Revenues | $1,300,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $425,000 | Number of FT Employees | Register Free to View |
Financing
$800,000 Down and Balance at 6% over 3 years
Business Description
Seller financing available to a qualified buyer
Growth upon Growth upon Growth
The State of New Jersey has contracted with this company to transport Medicaid patients to and from medical treatment facilities. Headquartered in Bergen County and serving Bergen and Passaic County, the owner of this business is seeking to retire after twenty years of hard work. Competition in this industry is limited due to the time and cost to obtain licenses, contract with the state and meet the driver, vehicle and state insurance requirements. Because of the limited competition, the businesses that have met these requirements are highly profitable and the licenses have real value beyond their immediate earnings.
This particular business averages $320 per trip paid by the state which is 7 to 8 times above the norm and since the industry is served by small, independently owned companies, the roll-up opportunities and the ability to service additional counties offer unlimited potential.
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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.
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