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Business for Sale Summary

Medical Transportation Business for Sale in NY - 35824

Business Type: misc. service/non-classifiable,other personal services,passenger transportation / limo/ bus companies,passenger transportation / ambulette
Medical Transportation Business for Sale in NY
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This business has received 24 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $850,000
Gross Revenues $1,040,000 Lease Remaining Register Free to View
Owner’s Cash Flow $200,000 Number of FT Employees Register Free to View


$850,000 Down and

Business Description

The owners of this highly profitable company are seeking to retire after more than 20 years in the business. The company’s office is in Westchester County, New York and operates there and (principally) in the Bronx. It has a Para transit Base TLC license that enables it to operate in the 5 boroughs of New York; there are no new TLC licenses being issued. Through eight months of 2023 the business is up over 2022 by more than 15% by adding another vehicle and driver. Adding drivers in this region is not an issue, the company need only add vehicles; however, ownership has chosen to sell and retire rather than continue to build. Indeed, the company cannot handle the Medicaid business offered to it and places a STOP ORDER on additional business each day as it fills to capacity. Nor can it extend service to the other four boroughs or take on more Private Pay or Elder Care service. The reward to a buyer that is financially able to grow this business is substantial. The business comes equipped with nine relatively new wheelchair vans. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.

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.

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.