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Business Description: A non-emergency medical transportation company located in Middlesex County, New Jersey has come on the market.
This 22-year old company provides state-funded transportation services to Medicaid patients in Union, Essex and Middlesex counties.
It has an invaluable ambulance license with which it intends to enter the private funded, highly profitable Medicare market. New ambulance licenses are no longer being issued in the state and the last sales price for an ambulance license alone is reported to be $380,000.
The company has the structure to grow substantially in both the state (Medicaid) and privately funded (Medicare) markets. A modest amount of capital ($30,000) is all that is needed to double its business. And, less than $10,000 more is all that would be needed to offer emergency ambulance services.
The business comes with state licensing, licensed software, trained, tested and approved drivers and 15 vehicles (ambulance, wheelchair, mini-vans and an SUV).
The owner seeks to retire and relocate.
Asking Price: $725,000.00
Gross Revenue: $800,000.00
Owner's Cash Flow: $90,000.00
Down Payment: $7,250,000.00
For more information, contact Vested Business Brokers at 1(877) 7355224.
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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.