Transportation Business in New Jersey - 36174 Business Type: business with property available,misc. service/non-classifiable,other personal services,owner financing available,passenger transportation / ambulette
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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $4,300,000 | Down Payment | $2,300,000 |
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
$2,300,000 Down and $700k upon NJ State's approval of the transfer of the medical licenses to Buyer (approximately 6 months after contracting with Buyer) and the remainder payable in 18 months.
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 school bus and non-emergency medical transportation 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 73 vehicles, 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 and businesses to complement its transportation services which are available separately including a mechanics shop and an auto body shop both of which service the Company’s fleet and provide outside services to the local community as well. The properties are available separately 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!
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
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.
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