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Ambulance Service Numerous 911 Contracts Hi Emergent calls

United States

Ambulance Service Numerous 911 Contracts Hi Emergent calls
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $8,500,000

EBITDA: $860,000

FF&E: $1,200,000

Inventory: $2,500,000

Established: 1975

Ambulance Service Numerous 911 Contracts Hi Emergent calls

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Business Description

Well established emergent based ambulance service; company has over 10 municipal and county contracts; Emergent calls exceed 60% of all runs; Very High Recurring Revenues; High Fragmentation Industry; 13,000 Operators; $16 Billion Market Cap; Logistics Management and Billing drive profits; Net Revenues $ 8.0 - $ 8.5 MM. Company serves a defined geographic area and dominates this service territory with a very high market share and has very limited competition. Due to defined service area, company is able to generate above average Utilization metrics and very high net revenue per ambulance. New contract added; the company has historically used a 3rd party billing company and has not collected as much cash as they should be collecting. Company is run absentee, with long term management in place. More details available after NDA and other credentials are provided. Please NO brokers, investment bankers, consultants or any buy side fee situations. We specialize in this industry. Principal buyers only.

Detailed Information

Inventory:
Included in asking price
Employees:
116
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Multiple; all within defined geographic area which enables goo Utilization of fleet & payroll $
Competition:
This company "Dominates" the markets they serve, with Very limited competition; They have over 10 Municipal/County contracts, plus many facility contracts; just added new contracts in early 2017, which will grow sales substantially in 2017 & 2018
Support & Training:
Long Term Mgt in place; Owner is absentee
Reason for Selling:
Absentee owner who bought company as an investment and after making improvements
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Reed Law

Business Listed By:
Reed Law

Southeast Business Exchange/Ambulance Deals Stat

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