Unique and Desirable Medical Transportation Company, Growth Potential

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Asking Price:
$370,000

Gross Revenue:
$386,790
Cash Flow:
$120,243
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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.

About the Business

Location:
San Mateo County, California
Year Established:
2009
Number of Employees:
6
Website:
linkbusiness.com/businesses-for-sale/SV00012/Unique-and-Desirable-Medica
Market Outlook/
Competition:
Limited competition for medical transportation businesses compared to driving taxi, Uber or Lyft.
Growth & Expansion:
Owner can add new trucks and drivers to grow the business.
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About the Sale

Reason For Selling:
Owner semi-retiring and looking to move on to other interests.
Training/Support:
Owner will offer 4 weeks 20 hrs per week of training for the new owner.

Listing Info

ID:
1613675
Ad Detail Views:
0

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Business Listed by

Raj Sathyaseelan

Link Silicon Valley
License# 02071580

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