Medical Transport Ambulette Business for Sale - 35734 Business Type: healthcare related services,misc. service/non-classifiable,other personal services,passenger transportation / ambulette
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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.
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
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.
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