Hard to follow in fathers footprints

Passaic County , New Jersey

Business Summary: Excellent and profitable business; daughter cannot handle business as the elderly father did the lease here is unbelievable; 1,350 per month covers all costs taxes, CAM, all utilities, water, and parking for 16 vehicles. Business serves several counties and can be expanded into others. Almost all payments are insurance checks, very verifiable. Any new owner familiar with medical transportation can easily recoup any lost business; slipped recently when daughter had to take over from her aged father. At present, has 7 medical transportation vehicles. All fords of recent years in excellent working condition. This business can be upgraded to medical ambulance transportation for $500.00- more for state license. This type of business will continue to prosper with the increasing age population and the new health insurance guidelines. This lease can never be replaced. For further information, please contact Vito Mastromonaco at 908-851-9040, Ext. 285, or at 973-715-2257
Year Business was Established: 1997
Number of Employees: 7
Facilities / Terms of Lease: Lease is the greatest to be found anywhere all costs gas/ electric/ water/ cam/ taxes and parking all included in rent of $1,350 per month. This amount only went up $400 in last 16 years. Vehicles are all late models and in excellent condition parking for 16 vehicles.
Potential Growth/Expansion: Obtaining more vehicles and ambulance licenses- expanding hours getting contracts from hospitals and health care facilities.
Competition: This field because of new health and insurance coverage is increasing- giving all entries in this field at bright future.
Owner willing to finance: Owner would accept financing $50,000 payable within 3 years
Owner willing to train: Two weeks
Reason for selling: Daughter cannot replace elderly father who cannot handle business because of his age