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Business for Sale Summary

Taxi Service and Non Emergency Medical Transport - 35034

Business Type: healthcare related services,illness forces sale!,misc. service/non-classifiable,other business services,other personal services,passenger transportation / limo/ bus companies,seller financing available,passenger transportation / ambulette
Owner Financing
Taxi Service and Non Emergency Medical Transport
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Financial Information (non-confidential)

General Information
Asking Price $425,000 Down Payment $300,000
Gross Revenues $600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $210,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and $125K over 3 yrs. @ 6%.

Business Description

Fantastic Taxi & Non-Emergency Medical Transport. 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. $210,000.00. 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 $300K 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!

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.