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Business for Sale Summary

Medical Transportation Company For Sale in NJ - 35524

Business Type: healthcare related services,misc. service/non-classifiable,other business services,passenger transportation / limo/ bus companies,passenger transportation / ambulette
Medical Transportation Company For Sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $500,000
Gross Revenues $1,837,000 Lease Remaining Register Free to View
Owner’s Cash Flow $425,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and

Business Description

The owner of this highly profitable company is seeking to retire after 25 years in the business. The company operates in Hudson County, New Jersey. It has numerous state licenses, a New Jersey State Medicaid contract and comes with two ambulances, six minivans and ten wheelchair vans. The company shows a Net Cash Flow of $523,000 before debt service and $417,000 after paying roughly $8,800 per month over the next 27 years owed on its PPP funding. The medical transportation business is a fragmented industry in New Jersey served predominantly by hundreds of small privately held companies. Growth opportunities are plentiful within the counties served either by adding vehicles or hours of operation; by accommodating the state with respect to the unusual or unscheduled, trips, by extending service to neighboring counties, or by expanding the services to include wheelchair and non-emergency ambulance services. Whichever service is offered, there is often a need for later hours or weekend hours. And the opportunity to grow by absorption of smaller companies is ever present. It is difficult to imagine a business sector that offers more value for its price and greater growth opportunity. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.

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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.