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Business for Sale Summary

Medical & Special Needs Transportation Service for - 34272

Business Type: seller financing available,passenger transportation / ambulette
Owner Financing
Medical & Special Needs Transportation Service for
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Financial Information (non-confidential)

General Information
Asking Price $440,000 Down Payment $350,000
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $220,000 Number of FT Employees Register Free to View

Financing

$350,000 Down and $90K financed at 5% over 12 months to a qualified buyer.

Business Description

Located in Union County, New Jersey, this transportation company transports ambulatory Medicaid patients to treatment facilities and also transports special needs school children to and from home and school in Union and Essex Counties. The company has an impressive fleet of 16 vehicles including thirteen minivans and 3-16 seat school buses along with 16 full-time drivers, 3 part-time aides and a support staff that covers dispatching, billing, scheduling, and patient service. This business occupies an impressive and spacious facility that was built for growth and includes parking for up to 35 vehicles, a 2,000 sq. ft. garage, and a mechanic. Lease terms can be long-term or short-term if the buyer wishes to relocate to smaller facilities. The medical transportation business is a fragmented industry in New Jersey served predominantly by hundreds of small privately held businesses. A Buyer can grow this business slowly by servicing additional counties, by expanding hours of operation or by adding one vehicle and driver at a time. Certainly, growth through acquisition and roll-up offers a buyer considerable opportunity for labor and staff consolidation. Likewise, meaningful growth is expected in the transportation of Special Needs as children head back to school particularly since many of the larger, more highly leveraged service providers closed down due to the pandemic. It is difficult to imagine a business that offers more value for its price and greater growth opportunity. This business will not last. To drive by and set an appointment to meet the owner, call Gerald Nimberg, Senior Business Broker, Vested Business Brokers at his office at 1-646-269-4616.

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.