Medical Transport Business in Passaic County-33139

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$14,000,000 $11,000,000

Services: Taxi, Limo, & Passenger Transportation


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RE: Medical Transport Business in Passaic County-33139 Broker: Gerald Nimberg
Owner Financing is Available!
$14,000,000.00 Down & None

Quick Facts

Asking Price: $14,000,000
Annual Revenue: $11,000,000
Net Profit: Not Disclosed
Cash Flow: $2,200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: 140
BBN Listing #: 46144447
Broker Reference #: 33139

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Business Overview:

This 18-year-old ambulance company located in Passaic County, New Jersey is available for purchase. The company provides exclusive, 24/7 service to cities, a number of hospitals, more than a dozen nursing homes and various other old age and assisted living facilities in Central and North Jersey. In addition to the service they provide to institutions, they provide service to the major insurance company patients, Medicare and Medicaid patients and private pay individuals as well. The Companys Mission is to provide medical transportation to individuals on a patient-driven basis rather than on a money-driven basis. And on that basis, business continues to grow each year; for example, they were up 15% last year over the year before reaching $11 million in revenue. The 24/7 service is provided by 180 drivers (140 Full Time, 40 Part Time), a support staff of 18 that handle intake, customer service and dispatch; they farm out billing and compliance, and a clerical staff. As to vehicles, they count 25 ambulances, 17 wheelchair vans, 2 minivans, 2 spare ambulances, 2 private vehicles, a 22-passenger bus and a service vehicle.

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Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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