Medical Transport Ambulette Business for Sale - 35734

Financing

$1,300,000 Down and Balance of $350k for 2 years @ 6%

Business Description

This well-established, 16-year-old Non-Emergency Medical Transportation Business is licensed in Rockland and surrounding counties, servicing dialysis centers, nursing homes, assisted living facilities, doctor's appointments, and private pay van rentals and trips. All contracts are active, and drivers, each with at least 2 years of experience, are willing to stay on. The owner will train the new owner and provide as much time as needed to learn the business. The fleet comprises 10 vehicles (2018-2021 models), averaging 200 trips per day, 1,000 per week plus private pay. The company uses software fully integrated with Medicaid for trips and billing. Due to increased demand, the seller is adding 4 new vans; the business had been reduced by 7 vans due to COVID-19 but can quickly expand. The business has significant opportunities, turning away $1,500-$2,000 in daily work. Sales are split between adult day care (40%), dialysis (preferred vendor for 3 facilities), assisted living (exclusive contracts for 3 facilities and preferred vendor for two others), doctor's offices, therapies, and private pay trips ($30-$50k per year). Several local competitors closed during COVID-19, creating further expansion opportunities. All vans are equipped with GPS and cameras, are well-maintained, and mostly paid off. The facility has low rent ($700/month) with a small office and large lot for van storage. Due to COVID-19, several competitors went out of business, and Medicaid licenses for ambulettes are no longer being issued, providing a competitive edge. The business generates approximately $1.5 million in revenue, netting over $400,000 per year. Proof of funds of at least $ 1,000,000 is required for more information on this business. The seller seeks a local owner operator, with some transport, senior care or public pay background. The business is not bank financeable. No private equity will be considered. No financials will be provided until due diligence. For more details, contact broker Joseph Stansky at 631-383-3109.

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