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Business for Sale Summary

Medical Transportation Company for Sale in NY - 35913

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,owner financing available,passenger transportation / ambulette
Owner Financing
Medical Transportation Company for Sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $2,200,000 Down Payment $1,100,000
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $390,000 Number of FT Employees Register Free to View

Financing

$1,100,000 Down and balance with terms tbd

Business Description

Substantial Seller financing offered to a qualified buyer. Fully reporting, the acquisition of this company can be achieved through internal and external financing. Proof of Funds in a minimum amount of $700,000 is required. The owners of this highly profitable company are seeking to retire after 10 years in the business. The company operates in Westchester, Rockland and Orange Counties, New York. It enjoys a NYS approved contract to transport Medicaid patients and is licensed by the NYS Department of Transportation and by the NYS Department of Health. The business comes equipped with 17 relatively new wheelchair vans, 15 CDL approved drivers and a staff of three. The medical transportation business is a fragmented industry in New York served predominantly by hundreds of small privately held businesses. Growth opportunities are plentiful within the counties served by adding vehicles and hours of operation; by accommodating the state with respect to the unusual or unscheduled, by extending service to neighboring counties, or by expanding the services to include 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.

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