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Non-Medical Ambulance & Transportation Services. $1.5 ML+ Sales.

Bergen County, NJ

Seller Financing Available
Non-Medical Ambulance & Transportation Services. $1.5 ML+ Sales.
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Asking Price: $1,000,000

Cash Flow: $244,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,500 /Month

Established: 2010

Non-Medical Ambulance & Transportation Services. $1.5 ML+ Sales.

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Business Description

Established in 2010 this non-medical transportation business is centrally located in Bergen County and is able to service the surrounding counties as well.
The company transports patients from hospitals, elder care centers, substance abuse centers, long term care centers, housebound elders, and dialysis and rehabilitation patients.
Currently the majority of patients transported are MEDICAID recipients and a small percentage of private and Medicare patients.
Contracts and prices are negotiated directly with the MEDICAID provider.
This is a critical element of this business.
For 2019 the MEDICARE rules and payment system has changed and will generate more patients.
The company has a proprietary software SYSTEM linked to MEDICAID and other providers.
Bills are generated directly to the SYSTEM on patient or patient representative signature on the driver’s tablet.
They are accumulated weekly and submitted for payment.
The company has 2 partners who share the overall management responsibilities.
22 drivers
2 dispatchers
1 bookkeeper
All drivers are trained and state certified.
The SYSTEM incorporates Routing Software and all drivers’ cellphones are loaded with this software.
All staff are paid bi-weekly by check.
The company owns and leases.
3 Box Ambulances
6 Wheelchair Vans
4 15 Passenger Vans
4 Mini- Vans
NJ has limited licenses issued and there are no new licenses being issued currently.
An amazing opportunity to purchase a business with TREMENDOUS upside at an attractive multiple.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Bergen County, NJ
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/31/2029
Employees:
25+2 Owners
Facilities:
2,000 SF office with 45 parking spaces for vehicles.$2,500/Month.
Competition:
Limited competition as NO new contract are being issued. Well located to service Bergen County and surrounding counties. The company has a high customer repeat rate.
Growth & Expansion:
Currently focused on Medicaid but with aggressive selling and marketing patient count can be increased substantially with hospitals, Medicare and private patients. Current ownership does not pursue new business.
Financing:
Limited Seller Financing to qualified buyer
Support & Training:
Owners will transition and may consider a partnership.
Reason for Selling:
To retire
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Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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