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Ambulance Company - 15 Rigs, 45 Drivers
Location California,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $3800000
Net Profit / Cash Flow $1100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2008
Number of Employees 50 - 99
Relocatable No
Number of Employees 50 - 99
Real Estate Leased
Training As needed.
Reason for Sale Other business interests.
Description The path of growth for this company has been phenomenal, grossed $1.5MM in 2010, $2.5MM in 2011, and 2012 through Q3 s tracking at $3.8MM.
Net margins are very strong as well. Currently 7 contracts in place with area hospitals for their regular ambulatory needs, including respiratory, paramedic, and nurse transport. Relationships also in force with an insurance carrier, with an additional hospital and other carriers currently in the pipeline. 70% Medicare & Medical bill, 30% private insurance. Serves about 1,300 patients per month on average, operates out of 2 satellite locations, with a 3rd location possible in Northern California if the Buyer decides to expand further. 45 drivers work 10 or 12 hour shifts, along with a complete management and operations team that will remain with the company after closing. NDA is required for further details, and release of confidential information is subject to approval by the Seller.
Facilities:
2 locations serving Southern California.
Competition/Market Pros and Cons:
There are the very large players in this space, and there's the one and two rig operations that operate under a much smaller footprint. This is in the sweet spot and the growth year over year has been phenomenal.
Growth and Expansion Pros and Cons:
Over a million in year over year gross income growth since 2010. Continue adding contracts and cultivating relationships like the Seller has and a Buyer can truly grow this into a regional player the big guns have to reckon with.
Support/Training:
As needed.
Reasons for Selling:
Other business interests.
Click Here To Contact Seller
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