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Non Medical Transportation Company

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $734000
Net Profit / Cash Flow  $184000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1988
Number of Employees  10 - 19
Inventory  170000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The seller will supply a full transitional period and remain post closing for 30 days.
Reason for Sale  Retiring after many successful years in the retail industry.
Description  Twenty year old recession proof non emergency medical transportation company which is Medicaid approved and transports New Jersey residents to their medical appointments. The company has nine newer vehicles consisting of four wheelchair equipped vans and five well equipped automobiles. The company operates as a five day operation in the Bergen County NJ area. This company has a valuable license with the state of New Jersey to conduct this form of transportation. The company also has a self renewing contract with LogistiCare, a private company who coordinates the transportation appointments for the State to the medicaid approved residents. The business has substantial growth potential and requires a full time onsite owner operator. The owner is retiring and has priced the business aggressively with owner financing. This business will show a consistent net income of $184,000 with a substantial growth potential. This business cannot be duplicated due to the valuable contracts & state licensing. The facility consists of a 1,500 square feet commercial rental that acts as a dispatch center with three rooms at a modest rent cost. The location does not function as a retail business and is designed specifically for this transportation industry. The Company is contracted to conduct business in Bergen County, New Jersey and is located in an urban city in this county conveniently located to various highways.
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