Medical Transportation Co. Medicaid Approved

Location: New Jersey

Industry: Transportation

Sold, Recession proof non emergency medical transportation company which is Medicaid approved and transports New Jersey residents to their medical appointments. The company has multiple upgraded vehicles consisting of wheelchair equipped vans and well equipped automobiles. The company functions as a five day operation in the Bergen County NJ area. The business location does not function as a retail company and is designed specifically for this transportation industry. This company has a valuable license with the state of New Jersey to conduct this form of transportation and has a NJ state license approval for Medicaid. The company also has a self renewing contract with LogistiCare, a private company who coordinates the transportation appointments for the State of NJ to the Medicaid approved residents. The business has substantial growth potential and requires a full time onsite owner operator for continued growth. The sale includes various vehicles, upgraded phone and GPS systems, computers and the required state of the art software required for this particular transportation industry. The facility has appropriate private parking on site as part of the commercial lease. There are currently 25 employees, twenty nine drivers and four dispatchers that function on a five day work schedule. The Company is operational 5 days weekly, Monday-Friday, hours of 7:00 am – 5:00 pm. This business has Medicaid approval, the required license from the state of New Jersey, to conduct this transportation service and contracted with the necessary agency to maintain the operation. The sale includes a lease to 2025 + two additional options, monthly rent of $7,675. The owner has priced the business aggressively with owner financing. This transportation company will evidence a consistent net yearly income of $610,000 with a substantial growth potential. This business cannot be duplicated due to the valuable contracts & state licensing, The business has a gross yearly income of $5,791,426, The business has been valued based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment.