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Business for Sale Summary

Non-Emergency Medical Transportation in NJ - 31242

Business Type: passenger transportation / ambulette
Owner Financing
Non-Emergency Medical Transportation in NJ
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Financial Information (non-confidential)

General Information
Asking Price $1,500,000 Down Payment $1,500,000
Gross Revenues $1,460,000 Lease Remaining Register Free to View
Owner’s Cash Flow $350,000 Number of FT Employees Register Free to View

Financing

$1,500,000 Down and

Business Description

An emergency (ambulance) company, non-emergency medical transportation (wheel chair and mini-van), and school bus company servicing New Jersey is up for sale. The State is not issuing new ambulance licenses and the license itself generally sells for more than $500,000. The State has also contracted with this company to transport Medicaid patients to and from medical treatment facilities (now serving Essex and Union) and various New Jersey counties (now servicing Essex and Sussex) have contracted this company to provide bus transportation for school and special needs children and ambulatory vehicle transportation for handicapped children as well. Headquartered in Essex County, the owners are willing to sell their business to the right buyer and go their separate ways. This business is very profitable since the licensing, contractual, financial and driver requirements to transport emergency medical, Medicaid and school bus children along with the cost of owning and running a fleet of 22 vehicles comprised of school buses, wheelchair vans, mini-vans, and the high cost of insurance all which limit competition. This business can expand in any number of ways. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Essex and Union Counties included. This long-standing transportation company has the license, experience, vehicles and drivers to grow within the counties it currently serves, and it can expand into any other county within the state simply by picking up the phone and advising the state of its intent. Moreover, it has four ambulances and the drivers to serve the emergency medical, Medicare and private sector markets such as nursing homes, veterans’ homes and assisted living facilities anywhere in the State and this business has not been developed at all. Moreover, the company can expand its school bus business into other school districts as well. There is so much more Medicaid, Medicare and private patient transportation business than the current service providers now fill and, since the industry is served by small, independently owned companies, the roll-up opportunities are equally prominent. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer. Please contact the broker, Gerald Nimberg at Vestedbb.com or 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.