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Business for Sale Summary

Transportation Business in New Jersey - 36174

Business Type: business with property available,misc. service/non-classifiable,other personal services,passenger transportation / ambulette
Transportation Business in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $5,350,000 Down Payment $5,350,000
Gross Revenues $3,900,000 Lease Remaining Register Free to View
Owner’s Cash Flow $1,100,000 Number of FT Employees Register Free to View

Financing

$5,350,000 Down and

Business Description

Looking for a long-term, multi-purpose, highly profitable business? This established non-emergency Special Needs School Bus and Medical Transportation company located in Essex County, New Jersey is all of that. It has the size, staff and structure to support maximum growth. The potential Buyer should have a minimum $1.5 million liquid and experience in either Special Needs or medical patient transportation. The Company provides full medical and school bus services to Jersey residents and is authorized to pick-up or drop-off patients in New York and Pennsylvania provided either the pick-up or drop-off is in Jersey. The company comes complete with 46 school bus routes and School Board contracts and Medicare, Insurance, Medicaid and Private Pay non-emergency medical transportation services. It has New Jersey State licenses and contracts to provide Basic Life Support and EMS, including CPR, wound care, health assessment, basic first aid and cardiac arrest management, as well as Medicare and nursing home services and an experienced, well-reputed employee base of EMTs, EMRs, MVOs, Nurses, a staff of 7 and a driver and aide base comprising 107 full- and part-time employees. The owner has acquired other properties to complement its transportation services over the last 12 to 15 months. Available separately are a mechanics shop and an auto body shop that will service the company’s fleet and provide outside services to the local community as well. The Owner is now seeking to retire and sell all properties and businesses. Contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers at 646-269-4616 for more information on this great opportunity!

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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.