Asking Price: $370,000 Gross Revenue: $386,790Cash Flow: $120,243 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This transportation business has successfully transformed itself from a limousine tour business to medical transportation business over the years. This business comes with 5 medical specialty trucks and drivers. Patients with certain medical conditions require transportation from home to hospital about 3 to 5 five times a week so this is a repeat business as the drivers and the patient establish a relationship.
The business model is strong and the revenue is growing year over year for the past 3 years from $329K in 2016 to $386K in 2019. The transportation service is reimbursed by health insurance so income is guaranteed for the services offered. The owner also has pick-up and drop-off service for kids with special needs. This business owns business license to operate in San Mateo county for San Mateo health plan and San Mateo school district. Customers can also book the services directly and pay for themselves.
The great opportunity in this business is to add new trucks and drivers and continue to grow and also setup an online appointment system for customers to easily schedule appointments with drivers. There are 5 drivers and 1 admin support employee for submitting insurance claims paperwork.
The owner has been operating this business over 10 years now and it's looking to retire and move on to other interests. Seller financing available for buyers with strong credit.
Owner currently has an office space with rent $1200 but the new owner can relocate this anywhere or just choose to have a remote office if desired.
Unique and Desirable Medical Transportation Company, Growth Potential
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