Medical Transport-Ambulette - 34842

Financing

$1,300,000 Down and $800k 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 at (631) 383-3109 for more details.

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