Fast-Growing Medical Transportation & Taxi Company - 37808

Financing

$4,500,000 Down and

Business Description

Starting in 2021 with one TLC license and one Prius, the owner of this company recognized the lack of area transportation services during and following COVID and has developed this business in response. The result was a 26 vehicle, $3.6 million company for CY2025 climbing to 30-vehicles, $4.55 million for CY2026 based on achieved results through eight months and the growth in place.

Its growth is fueled in part by the business it receives from as many as 14 nursing homes, most of which are under contract and its expansion into lucrative stretcher carrier work.

The company offers taxicab and medical transportation in the 5- boroughs of New York and in Rockland and Westchester Counties.  It  has  10 TLC Licenses, Medicaid and NYDOT authorizations.

Management structure includes dispatch, compliance, fleet   management and secretarial. Billing is outsourced. The fleet is relatively new, many of the vehicles are 4 years old or newer. 

All income and expenses are reported and the business is financeable.

Seller has other interests abroad.

For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers Ltd at gnimberg@vestedbb.com
Cell: 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.