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Business for Sale Summary

Transporation Business in Essex County, NJ - 32015

Business Type: passenger transportation / limo/ bus companies,passenger transportation / ambulette
Transporation Business in Essex County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $700,000 Down Payment $500,000
Gross Revenues $875,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and Will discuss with qualified buyer

Business Description

This 21-year old New Jersey State licensed company provides medical transportation services to Medicaid patients in Essex, Union and Middlesex Counties. Headquartered in Essex County, New Jersey, Its fleet is comprised of five wheelchair vans, eight minivans and 15 full-time drivers. A shared staff of four to five provide dispatch, patient contact, billing, scheduling and compliance reporting. The Seller will stay on after the sale to smooth transition or to run the company for up to one year for those seeking a true turnkey operation. Businesses of this nature are highly profitable as the state provides the service providers with the customers (patients) thereby saving these transportation companies from the marketing and sales costs and the state pays for the transportation services provided within two to three weeks after each patient is transported. Thus, businesses in this space are spared the costs of marketing, sales, accounts payable and bad debts and virtually all of a company’s working capital can be applied to growth. Please contact the broker, Gerald Nimberg at Vestedbb.com or at 646-269-4616 for further information.

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.