Profitable turnkey NEMT Business for Sale

Las Cruces, NM (Dona Ana County)

Profitable turnkey NEMT Business for Sale
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Asking Price: $650,000

Cash Flow: $260,000

Gross Revenue: $500,000

EBITDA: $130,000

FF&E: $4,000

Inventory: $150,000

Rent: $250 /Month

Established: 2016

Profitable turnkey NEMT Business for Sale

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Business Description

Great Established Business with Expansion Potential!

MyRide, LLC is an established NEMT (Non-Emergency Medical Transportation) business with a sterling reputation and lucrative contracts. The business has locations in both of New Mexico's largest metropolitan areas, Las Cruces and Albuquerque, that enables us to service the entire State. Income is earned directly from the State's Medicaid providers and the majority of the clientele is also provided by these entities, this means little to no marketing costs. In addition to providing transportation for Medicaid members MyRide is also licensed to provide "Private Pay" transportation. Medicaid provides the majority of the business' income at a lower contracted rate and the Private Pay ability provides an additional income stream at an increased rate. MyRide enjoys a substantial client base and an excellent working relationship with two of the States largest Medicaid providers. There is tremendous potential for increased growth and earning potential!

Detailed Information

Location:
Las Cruces, NM
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
600
Lease Expiration:
12/31/2019
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We currently maintain two leased offices, the one in Albuquerque would be available for transfer at a cost of $250/month and Las Cruces lease can be transferred also, please ask about price. We currently have a fleet of 14 vehicles that have been meticulously maintained and would transfer to the new owner with clear titles.
Competition:
There are a number of NEMTs operating in the State with various size fleets but the need for transportation services remains great. Growth and earning potential are only limited by your desire to expand in the market place.
Growth & Expansion:
The obvious upside to expansion is increased income potential, the more cars and locations the more income. If you have the means you can perform many more trips. The earning potential is limitless only to your buying power for vehicles and logistics.
Support & Training:
We will provide training to the new owners and their administrative staff for a period of 30 days to ensure a smooth transition. We currently employ 16 fully trained and credentialed drivers who we will encourage to remain with company during and after the transition.
Reason for Selling:
We have another business that is our primary focus.
Business Website:
http://MyRideNEMT.com
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Business Listed By:
Nora Lancaster

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