Business For Sale

Non-Emergency Medical Transportation

Not Disclosed, MO
Morgan County


Asking Price: Annual Revenue:
$389,000 $646,598

Services: Taxi, Limo, & Passenger Transportation


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RE: Non-Emergency Medical Transportation Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $389,000 10% Buyer Down Payment: $38,900 10% Seller Financing: $38,900 80% Bank Loan: $311,200 A 10% down payment returns $85,175 in the first year after debt payments.

Quick Facts

Asking Price: $389,000
Annual Revenue: $646,598
Net Profit: Not Disclosed
Cash Flow: $142,953
Total Debt: Not Disclosed
FF&E: $11,400
Real Estate: Not Disclosed
Year Established: 2010
Employees: Not Disclosed
BBN Listing #: 130034398
Broker Reference #: LOG005

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Business Overview:

This growing medical transport business with 8 years of established operations in 8 counties is poised for expansion in the central Missouri area. Customers receive transportation to medical appointments and beneficial standing relationships with Missouri Medicaid and senior living facilities account for a majority of consumers. With accounts billed per leg, the 2nd quarter of 2017 accumulated a total of 1,233 trip legs. This averages out to over 600 round trips per month.

Currently, the company contracts with 10 drivers who utilize their personal vehicles. There is one company-owned vehicle included in the sale that is currently leased to one contracted driver.

An area for potential growth is including the use of wheelchair accessible vehicles, either owned by the company or a contracted driver. Grants are available to those interested in purchasing accessible vehicles. Expansion areas include building relationships with additional care providers, the extension of services for everyday errands, shopping trips, or trips to the airport, as well as increasing the hours of operation.

This is an excellent opportunity to own a company in a much-needed service area and growth is limited only to the buyer’s desire. Listed at $400,000, a buyer would need to pay just 10% down to own a solid and expanding company.


Trips: 2nd quarter of 2017 has averaged over 600 round trips
Clients: Approved carrier/provider with Missouri Medicaid; contract with a senior agency; low income clinics; established relationships with several nursing/assisted living homes, and other private contracts
Employees: Office Manager (salaried), 10 drivers (all 1099 contractors) who use their own vehicles
Office Hours: Monday – Friday 8am to 5pm
Service Hours: 5am – 8pm
Current Owner’s Responsibilities: Seller is actively involved, handling A/R, A/P, payroll, managing contracts, insurance, credentials and hiring

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Assets Included in Purchase: $11,400 Equipment: Desktop computers & monitors, printer, new server and more Vehicles: 2009 Ford vehicle – currently leased to one of the drivers Intangible Assets: Word-of-mouth advertising, reputation *amounts may vary

Market Competition and Expansion:

Add additional services (i.e., errands, appointments, shopping trips, etc.); wheelchair accessibility; expand service area and hours; develop more relationships with nursing/senior homes.

Reason for Selling:

Capital for new investments.

Additional Details:

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

Documents:

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