Taxi Service and Non Emergency Medical Transport - 35034

Financing

$245,000 Down and 100K over 3 years @ 6% interest with collateral and a PG.

Business Description

Fantastic Taxi & Non-Emergency Medical Passenger Transportation. Price reduced! Owner selling due to health issues. This business was originally established as a Suffolk County taxi service 7 years ago. They built a great name based on quality service. Several years ago they secured a contract with Medicaid to provide non-emergency medical transport as well. This is a great add-on to an existing ambulette service or black car service seeking to secure Medicaid related work. Business was down in 2020 due to Covid, but has seen a strong bounce back with a continued upward growth in 2021 and YTD 2022. This is with sharply reduced taxi hours since 2020. They currently operate from 6am-6pm as opposed to the 24 hrs. of operation in 2019. The taxi demand continues to grow so hours should be extended by a new owner. In the past year the business grossed total documented sales of approx. $600,000.00 with an owner’s cash flow of approx. $130,000.00. That does not include all taxi sales, which would be additional and can be explained to a buyer in a face to face meeting. The sale price includes 8 fully licensed and insured vehicles (7 sedans and 1 minivan). All vehicles are regularly maintained and in good working order. The business is also fully-staffed with 11 FT employees. We are seeking a serious and financially qualified buyer with at least $245K in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All meetings must be scheduled by appointment only!

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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.