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Business for Sale Summary

Medical Transport Ambulette Business for Sale - 35734

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,passenger transportation / ambulette
Owner Financing
Medical Transport Ambulette Business for Sale
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Financial Information (non-confidential)

General Information
Asking Price $1,500,000 Down Payment $1,000,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$1,000,000 Down and Balance of $500k for 3 years @ 6%

Business Description

Long established (16 years) Non-Emergency Medical Transportation Business (ambulette). Licensed in Rockland and surrounding counties. Serving dialysis centers, 3 nursing homes, 3 assisted living, doctors' appointments, and private pay van rentals and trips. All contracts are still active. All drivers are willing to stay on board and have at least 2 years’ experience with the company. The owner will train new owner and provide as much time as needed to learn business. The fleet is made up of (10) vehicles, all from 2018 to 2021 with an average of 200 trips per day, 1,000 per week plus private pay. Company uses software which is fully integrated with Medicaid for trips and billing. Seller adding 4 new vans to accomodate increased demand. Currently, all 10 vehicles (will be 14) are on the road and come with the sale of the business. Owner shrunk the business by 7 vans due to Covid- 5 vans can be filled in two weeks with pent up demand- Seller turns away $1500- 2000 of work per day. Opportunity to add vans to capture this work. Seller and brother work in the business 3 days each. Adult Day Care is approx. 40% of sales with the rest split between dialysis (preferred vendor for 3 facilities), exclusive contract for 3 assisted living and preferred vendor for two others. Many doctors offices and therapies. Many private pay trips- $30-$50k per year. Several Rockland ambulettes closed during Covid. All Vans are equipped with GPS and cameras. All vans are late models (2018-2021) Fords and Hondas and are almost all paid off. Maintained in meticulous condition. Very low rent ($700 month) with small office and large lot for Van storage. Owner currently turns away work each day from Medicaid brokers that provide trips to ambulette companies because the industry is operating at capacity. Due to Covid several local competitors have gone out of business and the opportunity to expand is available. Medicaid licenses for ambulettes are no longer being issued. Opportunity for new buyers to add staff and expand business. All cash deal with no seller financing is being offered. Not bank finance able. Buyers must provide proof of funds of at least $1m for a call or meeting with the owner. No financials until due diligence. Seller nets over $400,000 per year on approx. $1.5m in revenue. Contact broker Joseph Stansky at 631-383-3109 for more details.

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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.