Non-Emergency Transportation Co.-PENDING !

Sterling Heights, MI (Macomb County)

Seller Financing Available
Non-Emergency Transportation Co.-PENDING !

Asking Price:$324,900

Cash Flow:$97,500

Gross Revenue:$352,000

EBITDA:N/A

FF&E:$160,000

Inventory:$2,000

Lease Rate:$1,250 /SF/Year

Established:2007

Non-Emergency Transportation Co.-PENDING !

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Business Description

Very Well Established non-emergency Transportation co -ONLY 50% Down !

Only 50% Down for a serious buyer !!This is a very well managed and successful Non-Emergency Transportation Company that still has room for growth ***They bill about a $1,000 a day -where else will you find a cash generator like this !!! They have been in business since 2007,and have experienced growth every single year.!!The present office manager ie willing to stay on with a new owner Their labor cost for the drivers is only 20% -EXCEPTIONAL:! Because this is a growth industry,and therefore competitive , a confidentialitty agreement is required for further information and an appointment to view this operation .Call the Broker, ,Norman MacGillivray for the C.A.,and an appointment @586 634-4524 With the Sellers willing to carry a substaintial amount of the sales price ,the Broker is required to obtain qualifing information from potential buyers at the same time the confidentiality agreement is obtained .This could all be accomplished at the Brokers office Thank you in advance for your cooperation on this matter

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
drivers + owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This well run,successful business operates out of offices that are very well located ,freeway close ,with access to all of the trade areas that they service .In addition to the office facilities,they have a additional furnished basement area,that can be used for additional offices , future growth,or storage area ..This facility shows very well ! Key to this location is the ample parking for their company vehicles ,used for their transportation clients ,and office personnel .Their rolling stock is comprised of State Certified Vans and newer well maintained limo vehicles The vehicles are in "like New" condition. :The lease on the premises is excellent ,and assignable .FF& E is almost all in Vehicles !
Competition:
This is a Growth Industry-One Of The Few out there !!!! With the aging of America ,the potential clients just keep aging and aging !!! Being that they are very well established with a stellar reputation ,this business just needs an individual, or company, that recognizes the tremendous opportunity that exists with a company in this specific business category. Again, one of the few categories that has tremendous growth potential !! SENIORS IS THE MARKET TO BE IN NOW !!!!!!! And in the Future !!!!!!
Growth & Expansion:
Add more vehicles and drivers .Market beyond their existing clients,-corporate and indiivuals !! .They have just added an additional Well Chair Van to keep up with growth ! Again, how many industries have an obvious growth potential built right in with the aging of America !! I'll answer my own question -NOT MANY !!! The FF&E is the value of their rolling stock !!!!!
Financing:
With 50% down Seller will carry for 36 months @8 %
Support & Training:
They Sellers will provide up to 1 month of their time to acquaint the new buyers wioth their clients-individual and corporate ,insurance companies ,case managers ,along with their drivers and other company personnel .They may consider spending more time with buyers on a negotiated basis
Reason for Selling:
Retirement

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Norman MacGillivray

Business Listed By:
Norman MacGillivray

Century 21 AAA North Business Brokerage

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