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Business for Sale Summary

Medical Transport Service for sale in NJ - 33891

Business Type: healthcare related services,home-based business,other business services,other personal services,passenger transportation / ambulette
Medical Transport Service for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $220,000 Down Payment $220,000
Gross Revenues $145,000 Lease Remaining Register Free to View
Owner’s Cash Flow $35,000 Number of FT Employees Register Free to View

Financing

$220,000 Down and

Business Description

New Jersey Medical Transportation Services The state of New Jersey pays medical transportation companies to transport Medicaid patients to and from their residences and treatment facilities. To operate in this business a service provider needs a contract with the state; drivers screened for drugs, credit and felonies, and vehicles that are inspected and properly insured. State licensing is additionally required to transport patients who require medical assistance such as wheelchair if unable to walk or ambulance if unable to sit. Medical transportation services are not limited to Medicaid patients. Service providers may offer transportation service to those individuals that pay themselves (Private Pay) or to those that are covered by Medicare or insurance companies. Providers will typically have contracts with hospitals, churches, nursing homes, assisted living facilities, etc. The company in question is located in Hudson County, New Jersey. It is 22 years old equipped with 2 wheelchair vans and one minivan and licensed to transport Medicaid (AMAV) and Medicare (NPI) patients. The business can be developed in any number of ways- accepting more of the business offered by the state, increasing hours of operation, adding vehicles and drivers, serving neighboring counties, merging with or rolling up like companies, and/or servicing Medicare, Private pay and Insurance company patients. The Seller is seeking to retire but will stay on for a suitable transition.

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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.