NON-EMERGENCY AMBULETTEE SERVICE MEDICAID TRNS113

Price: $350,000

Location: Rockland , New York

Industry: Transportation

Listing ID: TRANS113

Wonderful highly profitable business opportunity to enter the medical non-emergency transportation industry which also includes non-ambulatory service in Rockland County New York. 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 insurance companies representing a substantial 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 asking price and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The past yearly gross income for this operation is $320,000 and the net yearly income is estimated at $125,000. The projected income with a full-time owner operator is estimated with a 25% increase in the gross income. Also, no seller discretionary income in involved in this industry.

 

Listing Details

Revenue: $320,000

Cash Flow: $125,000

FFE: $225,000

Inventory: $2,500 (Included in Price)

Lender Pre-Qualified?: Yes

Form of Ownership:

Corporate

Terms and Conditions?:

The business has been valued at $350,000 which is based on a multiple of the average net yearly income plus the value of the business assets. Due to the various licenses and approvals which are no longer easily obtainable, a corporate purchase is required. Also, seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Reason For Sale:

The purpose of this business transaction is due to the owner alternative company, not in the transportation industry, which demands his full-time attention.

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.

Operation

Year Established: 2015

Days & Hours of Operation: Days Hours of operation, this five-year-old, successful transportation company is active six days per week, with hours from 5:00 am to 10:00 pm.

Owner Hours Per Week: Absentee

Non-Owner Payroll: $120,000

Employees: Regarding employees and payroll, this Non-Medical transportation company consist of four full and two part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $10,650 consisting of local drivers.

Absentee Owner?: Yes

Location

Monthly Rent: Estimated at 2,500 Monthly

Type of Location: Commercial

Relocatable?: Yes

Facilities Information:

Due to the mobility of this industry, most transportation service companies and staff as non-retail, function from a private office. This business opportunity is in Southern New York Rockland County, which consists of highly populated communities with continued demand for this transportation service.

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • This field is for validation purposes and should be left unchanged.