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Business for Sale Summary

NonEmergency Medical Transport Business in NJ - 33589

Business Type: healthcare related services,misc. servicel/non-classifiable,other business services,passenger transportation / ambulette
NonEmergency Medical Transport Business in NJ
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Financial Information (non-confidential)

General Information
Asking Price $165,000 Down Payment $165,000
Gross Revenues $196,000 Lease Remaining Register Free to View
Owner’s Cash Flow $75,000 Number of FT Employees Register Free to View

Financing

$165,000 Down and

Business Description

A non-emergency medical transportation company (NEMT) located in Essex County, NJ is available for purchase. This company is a spin-off of a school bus and ambulance company and it is profitable in its own right. The school bus company and ambulance license are available for purchase separately or in combination with the NEMT. To operate in theNEMT business, an owner needs a license from the State Department of Health, a contract with the state to transport drivers from their residences to and from their treatment facilities, drivers investigated and approved, and vehicles that are inspected and properly insured. Under contract, the state will identify (and pay for) Medicaid patients to each service provider on a daily basisand each company will then determine which patients it most profitably chooses to transport. The Company is selling its revenue base of about $200,000 per year, along with its contract with the state which can be assigned, four wheelchair vans used in the operation and it will supply the drivers as well. The Buyer will have to apply to the state for its own license. This company services Medicaid patients in Essex and Union Counties, NJ and, once licensed, its service can be extended to any county in Jersey and to the more lucrative Medicare, private payand insurance company patients as well. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Essex and Union Counties included. Growth opportunities are plentiful within the counties served by adding vehicles or hours of operation or by expansion to other counties. This is a fractured industry, and it is ideal for the roll-up of small companies. Ownership is seeking to retire after twelve years in this business and twenty-five years in the bus company business. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 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.