Medical Transportation Business in Morris County,

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$300,000 $144,000

Services: Taxi, Limo, & Passenger Transportation


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RE: Medical Transportation Business in Morris County, Broker: Seller of Business

Quick Facts

Asking Price: $300,000
Annual Revenue: $144,000
Net Profit: Not Disclosed
Cash Flow: $72,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: Not Disclosed
BBN Listing #: 40524447
Broker Reference #: 32732

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Business Overview:

The State has contracted with this company to transport Medicaid patients to and from medical treatment facilities. Headquartered in Morris County and serving Hudson County as well, the owner of this business is willing to sell his business to obtain cash. Competition in this industry is limited due to the length of time it takes to obtain a license, contract with the state and meet the driver, vehicle and insurance requirements. Because of the limited competition, the businesses that have met these requirements are profitable from the outset and because of the barriers to entry and the imminent growth offered by the state, existing licensees have real value beyond their immediate earnings. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Morris and Hudson Counties included. Licensed, operating businesses can obtain more business in the counties they serve (and they do), and they can expand into any other county within the state simply by picking up the phone and advising the state of its intent to expand. Growth, however, requires a front-end investment to acquire additional vehicles, drivers and insurance and, perhaps several months of operation before they break-even. Investment in a set of vehicle, driver, insurance and operation would run about $40,000 and that would typically bring in more than twice its cost in the first year alone and generate a 50% net profit each year thereafter. Since the industry is served by small, independently owned companies, the roll-up opportunities are equally prominent. For more information, please contact the broker, Gerald Nimberg or email us.

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Reason for Selling:

Personal

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.

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