Medical Transportation Company

Business Summary:
LISTING ID # 35524The owner of this highly profitable company is seeking to retire after 25 years in the business. The company operates in Hudson County, New Jersey. It has numerous state licenses, a New Jersey State Medicaid contract and comes with two ambulances, six minivans and ten wheelchair vans. The company shows a Net Cash Flow of $523,000 before debt service and $417,000 after paying roughly $8,800 per month over the next 27 years owed on its PPP funding. The medical transportation business is a fragmented industry in New Jersey served predominantly by hundreds of small privately held companies. Growth opportunities are plentiful within the counties served either by adding vehicles or hours of operation; by accommodating the state with respect to the unusual or unscheduled, trips, by extending service to neighboring counties, or by expanding the services to include wheelchair and non-emergency ambulance services. Whichever service is offered, there is often a need for later hours or weekend hours. And the opportunity to grow by absorption of smaller companies is ever present. It is difficult to imagine a business sector that offers more value for its price and greater growth opportunity. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35524 for instant access to this business information.