Seller's Contact Information
- RE: Emergency And Non-Emergency Ambulance: Loan Over C
- Contact: Cortney Sells
Quick Facts
Asking Price: | $1,950,000 | |
Annual Revenue: | $2,380,325 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 1,215,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2010 | |
Employees: | 60 | |
BBN Listing #: | 582834398 | |
Broker Reference #: | MED025-G |
Business Overview:
Ambulance business that has Hospital, Nursing homes, and VA contracts, serving both emergency and non-emergency calls. The purchase includes all contracts, insurance agreements, 15 ambulances, 9 vans with medical equipment valued at $1,200,000 plus over $450,000 in AR! The buyer receives over $1.7 million in total for only $455,000 cash down! The current loan can be absorbed and is over collateralized. Their primary services include ambulance transportation (which makes up 80% of their services) as well as wheelchair accessible or specialty transport, event standby, and EMS education services. Their established staff includes 1 general manager, 2 division supervisors, 2 billing reps, 9 dispatchers, 13 medics, 31 EMTs, 6 drivers, and 2 mechanics. This business operates out of a 20,000 square feet combined garage and dispatch center. The new business owner would have the opportunity to either lease this facility from the current owner or purchase it outright in a separate transaction. The owner has offered a transition/ training period of 1 year. Owner believes his responsibilities could be absorbed by their general manager as this GM has handled their responsibilities in the past. This business is important to their community, providing lifesaving services in a way that makes a huge impact in their clients’ lives.
Growth opportunities for this business moving forward would include getting involved with insurance contracts to offer community paramedic services including home visits to decrease individuals with a high rate of repeatedly needing ambulance assistance. Priced at $1,950,000, with a down payment of $455,000, a seller promissory note of $350,000 and an earn out based on performance, this business is primed to return new ownership high levels of financial and operational success.
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Property Features and Assets:
Ambulances: $479,000 • 15 Ambulances, 9 Vans and 1 Car Equipment: $282,000 Working Capital: $250,000 Buildout: $73,000 Technology: $14,000 Medical Equipment: $454,000
Market Competition and Expansion:
Getting involved with insurance contracts to offer community paramedic services including home visits to decrease individuals with a high rate of repeatedly needing ambulance assistance.
Reason for Selling:
Owner 1: retirement, owner 2: focusing on other n
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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