Financing: $1,300,000.00 Down and $800k over 3 yrs @ 5%
Reason for Selling:Other Businesses
Established in 2009, this Connecticut-based Non-Emergency Medical Transportation (NEMT) company offers reliable ambulette services across all Connecticut counties. The business caters to a diverse clientele, including dialysis centers, nursing homes, assisted living facilities, doctor's appointments, and private pay trips. All contracts are currently active, ensuring a steady flow of revenue.
The market demand for services is robust, prompting ownership to continually expand the fleet, with two 2024 vehicles recently added. The company regularly declines additional Medicaid work, which presents a clear and immediate opportunity for expansion. Operating from a low-rent office that includes sufficient van storage, this business is strategically positioned for further growth, especially in light of recent local competitor exits due to COVID-19.
Currently, the business operates a fleet of 12 late-model vans (ranging from 2014-2024), all of which are wheelchair-accessible and equipped with two or three wheelchair lifts, GPS, and cameras. The company efficiently handles over 750 trips weekly using state-provided software integrated with Medicaid for seamless scheduling and billing processes.
The owners are committed to ensuring a smooth transition and are prepared to train the new buyer, offering guidance for as long as necessary. The sale includes all 12 vehicles, necessary state licenses, third-party contracts, and experienced drivers. Despite the recent growth, the sales price and terms have not increased. Interested buyers must provide proof of funds of at least $1 million for meetings.
For more information, contact broker Gerald Nimberg at 646-269-4616.
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