Non Emergency Medical Transportation Business
Location: New Jersey
Asking Price: $850,000
Gross Revenue: $1,300,000
Cash Flow: $363,000
Cash Flow Type: Owner's Discretionary Earnings
Business Description: This highly profitable, established business provides professional door to door non-emergency medical transportation services. It has competed and consistently won government bids across the state of New Jersey. The company's superior customer service is demonstrated through an "on-time" record that has been 95+% over the past 12 years. The customer base consists of Medicaid/Medicare consumers who usually are underprivileged/low incomes, and all clients must walk unassisted on their own /ambulatory. The business has produced over 55,000 trips per year over the past two years and is on track to do the same in 2012. The organization is in great standing with the state of New Jersey. The company has approximately 20 full time and numerous part time employees. This is an excellent growth option for existing non- emergency medical transportation companies in NJ, NY and/or PA. It is also a highly profitable investment option for any entrepreneur looking to serve the needs and service demands of an exploding baby boomer population. Because this business is established and operating seamlessly, an investor can purchase this profitable business by avoid exorbitant expenses and frustrating hassles that go along with a start-up in the non- emergency medical transportation industry. Don't wait on this business. It won't be around long.
Seller Financing: Seller financing available to qualified buyers
Year Established: 2000
Mgmt Training/Support: Seller can stay on for one week. More support can negotiated if desired.
Reason for Selling:
Time to slow down and unload the major responsibilities.
Facilities: The current facility lease expires in July 30, 2012. The monthly rent is $625. The business can be relocated effortlessly if desired. The limited life on this lease agreement offers amply flexibility for a potential buyer. Assuming the existing lease is an option as well. Seller alluded that the rent may increase when the current agreement expires. The facility sits on two acres of prime property. Currently the business is only at 75% of the facility's capacity.
Market: The state of New Jersey no longer has the government bidding process regarding to counties. Therefore, expansion opportunities are significantly abundant and available immediately if you have the staff, drivers, and vehicles.
Outlook/Competition:The Company directly competes with a few regional competitors. The owner believes that the company's commitment to on-time service; in addition to, genuinely caring for every customer they serve is what continually separates this business from the competition.
*The Tenney Group specializes in business sales in the transportation industry (limousine, bus, school bus, trucking, NEMT, ambulance, etc.). For more information see below.