Reliable Transportation Company Essex County, NY 32010

Contact Seller
Great potential!
Asking Price:
$1,620,000

Gross Revenue:
$1,400,000
Cash Flow:
$375,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
included in asking price

FF&E:
$250,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

An emergency (ambulance) company, non-emergency medical transportation (wheel chair and mini-van), and school bus company servicing New Jersey is up for sale. The State is not issuing new ambulance licenses and the license itself generally sells for more than $500,000. The State has also contracted with this company to transport Medicaid patients to and from medical treatment facilities (now serving Essex and Union) and various New Jersey counties (now servicing Essex and Sussex) have contracted this company to provide bus transportation for school and special needs children and ambulatory vehicle transportation for handicapped children as well. Headquartered in Essex County, the owners are willing to sell their business to the right buyer and go their separate ways. This business is very profitable since the licensing, contractual, financial and driver requirements to transport emergency medical, Medicaid and school bus children along with the cost of owning and running a fleet of 22 vehicles comprised of school buses, wheelchair vans, mini-vans, and the high cost of insurance all which limit competition. This business can expand in any number of ways. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Essex and Union Counties included. This long-standing transportation company has the license, experience, vehicles and drivers to grow within the counties it currently serves, and it can expand into any other county within the state simply by picking up the phone and advising the state of its intent. Moreover, it has four ambulances and the drivers to serve the emergency medical, Medicare and private sector markets such as nursing homes, veterans homes and assisted living facilities anywhere in the State and this business has not been developed at all. Moreover, the company can expand its school bus business into other school districts as well. There is so much more Medicaid, Medicare and private patient transportation business than the current service providers now fill and, since the industry is served by small, independently owned companies, the roll-up opportunities are equally prominent. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer. Please contact the broker, Gerald Nimberg.

About the Business

Year Established:
1997
Number of Employees:
25
Website:
www.vestedbb.com/lid-32010
Contact the Seller

About the Sale

Training/Support:
Yes

Listing Info

ID:
1625282
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

 Show Phone Number

View My 2356 Active Listings
U.S. Census Data for Essex County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Essex County, NJ
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.