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Business for Sale Summary

Medical Transportation Business - 30801

Business Type: service businesses,healthcare related services,misc. servicel/non-classifiable,passenger transportation / ambulette
Owner Financing
Medical Transportation Business
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Financial Information (non-confidential)

General Information
Asking Price $440,000 Down Payment $290,000
Gross Revenues $1,040,000 Lease Remaining Register Free to View
Owner’s Cash Flow $180,000 Number of FT Employees Register Free to View

Financing

$290,000 Down and 150,000 over 12 months terms TBD

Business Description

The sellers will remain to drive and manage all aspects of the business as desired. Located in Middlesex County, this 24-year old business is now available. The Company transports non-emergency Medicaid patients to and from their residences to medical treatment facilities under New Jersey state contract and license and under state regulation, compliance and guidelines. The Company provides its services to Medicaid patients in Middlesex, Somerset and Union Counties. Patient lists including date, time and pick-up and destination points are prepared daily by the State several days in advance and are offered to the Company for their selection. The business has been growing and internal funding for continued growth has been approved. The profit potential in this business is substantial. Add cars and drivers and grow it as fast as desired. There is so much business of this kind in the state, and there are sufficient barriers to entry to the number of service providers that existing providers can enjoy a long upward climb. The application for state authorization is difficult to get, the process is lengthy, and adherence to the guidelines and compliance requirements has taken most providers one to two years to achieve. Once achieved, the capital to acquire, insure and operate become the only barrier to growth. For more information, please call Gerald Nimberg at 646 269 4616 at Vested Business Brokers.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

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.