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Business for Sale Summary

Medical Transport Business for sale in NJ - 33798

Business Type: healthcare related services,seller financing available,passenger transportation / ambulette
Owner Financing
Medical Transport Business for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $670,000 Down Payment $400,000
Gross Revenues $1,170,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$400,000 Down and $270,000 Negotiable

Business Description

Seller Financing, Turn-key Operation Acquired just a few years ago, this 10-year old high-end medical transportation company headquartered in Union County, New Jersey is available for purchase. Situated in newly constructed, spacious offices and maintenance garage, the business is collocated with two related businesses that cost-effectively share the rent, garage and a mechanic. The company services Hudson and Essex Counties principally and Union and Camden Counties to a far lesser extent; thus, the offices can be relocated particularly since the company's drivers work long hours beginning at 4 am each day and take their vehicles home obviating the need for a central office. The business comes with 13 relatively new wheelchair vans, 2 ambulances, a commensurate number of drivers (10) aides (5) and office staff (1.5) as well as Medicare (NPI), non-emergency Basic Life Support (BLS), and mobile assisted vehicle (MAV) licenses. The business showed steady growth pre-Covid and backed off a bit to its current level of $1M in revenues and $300,000 in net cash flow. Financials in CY2021 is expected to exceed CY2020 and to continue to climb from that point. The seller owns a number of businesses that occupy his attention and turned the three collocated bus/walk-in/wheelchair businesses to his young son to manage and the seller has now decided to provide his son relief by selling off the management intensive wheelchair and ambulance business leaving the other two. Seller financing is available to a qualified buyer. For more information contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers.

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.