Ambulance & Wheelchair Transportation: Emergency & Non-ER

Business Summary:
Their primary services include ambulancetransportation (which makes up 80% of their services)as well as wheelchair accessible or specialty transport,event standby, and EMS education services. It is anambulance business that has Hospital, Nursing homes,and VA contracts, serving both emergency and nonemergency calls. Their established staff includes 1general manager, 2 division supervisors, 2 billing reps,9 dispatchers, 13 medics, 31 EMTs, 6 drivers, and 2mechanics. This business operates out of a 20,000square feet combined garage and dispatch center. Theowner believes his responsibilities could be absorbedby their general manager as this GM has handled theirresponsibilities in the past. The owner has offered atransition/ training period of 1 year. The purchaseincludes all contracts, insurance agreements, 15ambulances, 9 vans with medical equipment valued at$1,200,000 plus over $350,000 in AR! The buyerreceives over $1.5 million in total assets for $460,000cash down!This business is important to the community it serves,providing lifesaving services in a way that makes ahuge impact in their clients’ lives. Growth opportunitiesfor this business moving forward would include gettinginvolved with insurance contracts to offer communityparamedic services including home visits to decreaseindividuals with a high rate of repeatedly needingambulance assistance. Priced at $1,955,000, with adown payment of $460,000, a seller promissory note of$350,000 and an earn out based on performance, thisbusiness is primed to return new ownership high levelsof financial and operational success.