Seller Financing Available
Ambulance Transportation Company
Ambulance Transportation Co.
Professional medical ambulance service provides comprehensive, high quality medical emergency and non-emergency transportation services, located in an affluent and urban area of New Jersey. The company is fully insured and approved by New Jersey Department of Health and Senior Services to provide medical transportation. They are Medicare/Medicaid approved and also a highly reliable provider in the Logisticare network. The company can evidence a 2014 gross yearly income of $2,933,110 and a net yearly income of $915,385. The company is approximately four years young and continues to develop. Their service is ideal for providing instant emergency assistance to patients, as well as for non-emergency purposes such as medical transport, sporting events and on-location standby. They provide professional drivers, highly qualified medical personnel staff and clean, modern ambulances and are the best option for ambulance service in their area. Their clients can expect the best care 24/7- because no transport is ever considered routine. The company prides itself for their punctual and reliable transport services and cares about the patient. They have a strict quality assurance program in which management follows up with patients, families and facilities they service and their quality assurance program ensures patient care and punctuality is at its highest level. This is a rare, dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a huge investment return to the owner operator prior to debt service. This particular business has approximately thirty employees, consisting of various drivers and internal staff who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $110,000. The business has an assignable commercial lease which expires 2016-01-01 plus additional options, with a monthly rent of $2,950 and rent security $6,000. The sale includes a fully equipped ambulance company with all of the necessary licenses, and equipment required to maintain this business. The various assets include ten ambulances, GPS and phone systems, accounting system and software. Each ambulance is fully equipped with the required professional equipment and supplies necessary to conduct its day to day business operations. The facility has appropriate private parking on site as part of the commercial lease. The business is active six days per week, closed Sunday hours from 4:00 am to 10:00 pm. The sale includes the required New Jersey State license to supply this professional service and a certificate of occupancy from the particular municipality required to conduct its day to day business. 2014 yearly income is $2,933,110 yearly net income of $915,385 prior to debt service. The business has been valued at $2,975,000 based on a multiple of 3.25% of the net yearly income and the value of the specific business assets seller financing has been approved to a qualified buyer with an appropriate down payment. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.