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Business for Sale Summary

Medical Transport-Ambuelette - 34842

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,seller financing available,passenger transportation / ambulette
Owner Financing
Medical Transport-Ambuelette
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Financial Information (non-confidential)

General Information
Asking Price $1,800,000 Down Payment $1,300,000
Gross Revenues $1,195,203 Lease Remaining Register Free to View
Owner’s Cash Flow $490,000 Number of FT Employees Register Free to View

Financing

$1,300,000 Down and $500k over 3 yrs@5%

Business Description

Long established (since 2009) Connecticut Non-Emergency Medical Transportation Business (ambulette). Licensed in all Connecticut counties. Serving dialysis centers, nursing homes, 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 passenger transportation company. Owner will train new owner and provide as much time as needed to learn passenger transportation business. The fleet is made up of ten (10) Vans, all late models from 2014 to 2018. All with wheelchair lifts. Company bills for 700 to 775 trips per week. Company uses state provided software which is fully integrated with Medicaid for trips and billing. Currently, all 10 vehicles are on the road and come with the sale of the business, all with GPS and cameras. Very low rent with small office and a 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. Also, Due to Covid, several local competitors have gone out of business and there is an opportunity to expand the business. Opportunity for new buyer to add staff, vans and expand business. Not bank financeable. Buyers must provide proof of funds of at least $1m for a call or meeting with the owner. No financials until due diligence. Contact broker Joseph Stansky for more details.

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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.