Business Overview:
Revenue up 15% YTD!! Cash flow up 250% YTD!! Premier provider in Non Emergency Medical Transportation (NEMT). Now that gas prices have recessed to the somewhat reasonable $2.50 per gallon range, business is booming for this transportation business. It is the transportation of people in need of assistance such as patients in wheelchairs, or otherwise handicapped who need transportation to day-treatment programs, hospitals, or clinics. A Non Emergency Transportation Service (NEMT) will transport people to and from medical appointments, in and out of hospitals and nursing facilities, or to and from residences for various appointments. The business was started in the early 1990’s. There are unlimited growth opportunities that exist for the Company. The number of elderly is now increasing by 8 million per year!! By 2030, this increase will reach 24 million per year!! As the elderly population continues to grow and the baby boomers begin retiring, it’s expected the need for all forms of this type of transportation will grow substantially. Currently the owners do not solicit new business. Benefits of this business are guaranteed payment from the government. Medicaid is a program funded by the Department of Social Services. They guarantee the payment of their recipients. As the owner of a medical transportation company, you automatically qualify for sizable personal tax credits. The business is somewhat recession proof. Whether the market is up or down, there are always elderly and disabled people that need to be transported. In addition, a Non Emergency Transportation Service (NEMT) business can be very easy to manage. Unlike an ambulance service you will not need any special life saving equipment or training. The business is currently being run from the sellers home and is being run semi-absentee. The Business has a stellar reputation and often gain new customers through word of mouth. Roughly 10% of the customers are private pay recipients, including the day-treatment students. The other 90% are Medicaid clients that are billed through EDS.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.