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Business for Sale Summary

Medical Transport-Ambulette Business for sale in N - 34062

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

General Information
Asking Price $1,200,000 Down Payment $900,000
Gross Revenues $2,100,000 Lease Remaining Register Free to View
Owner’s Cash Flow $600,000 Number of FT Employees Register Free to View

Financing

$900,000 Down and 300k at 5% over 36 months to qualified buyers

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. Owner will train new owner and provide as much time as needed to learn business. The fleet is made up of (10) vehicles, all years from 2018 to 2020 with an average of 200 trips per day or 100 clients. Company uses E*Trans software which is fully integrated with Medicaid for trips and billing. For the past 3 years, business revenue has continually grown by a minimum of 15%. Business will be valued base on 2019 pre covid financials. Currently, all 10 vehicles are on the road and come with the sale of the business, all with GPS and cameras. All vans are late model (2018- 2020) Fords and Hondas. Very low rent ($700 month) with small office and yard for Van storage. Owner currently turns away work each day from Medicaid brokers such as Sentry 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 opportunity to expand is available. Medicaid licenses for ambulettes are no longer being issued. Opportunity for new buyer to add staff and expand business. All cash deal with no seller financing is being offered. 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.