Price: $299,900
Location: Brooklyn , New York
Industry: Transportation
Listing ID: trns128
Wonderful highly profitable business opportunity to enter the medical non-emergency transportation industry which also includes non-ambulatory service in the New York boroughs. This Company is Medicaid approved, licensed with the Dept of Transportation Authority, Taxi Limo Transportation commission and has various contract agreements with insurance companies. The company provides transportation for various clients including wheelchair patients, transportation for the disabled, and for the elderly in and around the New York metropolitan area. This company is paid from Medicaid and private insurance companies representing a consistent net yearly income to the owner operator. They offer the best medical transportation service and non-emergency medical transport with a professional team of drivers with a cost-effective transportation service. The company has valuable licenses to conduct business which are not easily available for a new operation. This is a dependable safe business opportunity and based on the details of sale, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $341,522
Cash Flow: $98,000
FFE: $125,000 (Included in Price)
Inventory: $499 (Included in Price)
Real Estate:$500
Reason For Sale:
The purpose of this business transaction is due to the owner’s retirement after many years in this transportation industry.
Training & Support:
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 950.
Type of Location: Commercial Avenue
Square Footage: 500
Relocatable?: Yes
Facilities Information:
This business opportunity is in Brooklyn New York, which consists of highly populated communities with continued demand for this transportation service.
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity and industry require government licensing approval to operate in addition to the standard required municipal licenses.
Competition:
Regarding competition, it is not a significant issue in this industry due to the unavailability of obtaining the various licenses and approval. Also, the cost of instituting a new operation will represent hundreds of thousands of dollars, time, and resources. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
Regarding growth and expansion, the business opportunity can be further expanded by the new operator by creating a website, investing in additional vehicles, accepting additional available work from the various insurance sources, instituting a marketing plan, develop a web site and the offering local advertising.
Financing/Terms:
To be negotiated.