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Business for Sale Summary

Transportation Business for Sale in Hudson County, - 33162

Business Type: passenger transportation / ambulette
Transportation Business for Sale in Hudson County,
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Financial Information (non-confidential)

General Information
Asking Price $780,000 Down Payment $400,000
Gross Revenues $1,680,000 Lease Remaining Register Free to View
Owner’s Cash Flow $500,000 Number of FT Employees Register Free to View

Financing

$400,000 Down and Balance to be determined with qualified buyer

Business Description

After 12 in business, this owner/operator is calling it quits and returning to his native country. Located in Hudson County, New Jersey, this operator transports Medicaid patients (under contract with the state) to and from their residences and their treatment facilities. Although offered, this owner refuses the more distant instate trips from other counties such as Bergen and Passaic; however, he is offered and he does accept a limited number of trips transporting patients into and out of treatment centers in NYC for which he is paid a significant premium. In addition to his Non-Emergency Medical Transportation Business, this owner has added 2 school bus routes in Essex County, and this increases his revenues by 15% and his profits by even more since it makes the utilization of his drivers more efficient. He employs 25 Full-time drivers and a staff of three. Vehicles include 25 Minivans, 1 wheelchair van and 1 school bus. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers, at 646-269-4616.

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.