NEMT business in Northern VA- 992365-AS

Alexandria, VA
Fairfax County

Asking Price: Annual Revenue:
$200,000 $150,000

Services: Taxi, Limo, & Passenger Transportation

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RE: NEMT business in Northern VA- 992365-AS Broker: AndyShah

Quick Facts

Asking Price: $200,000
Annual Revenue: $150,000
Net Profit: Not Disclosed
Cash Flow: $70,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: Not Disclosed
BBN Listing #: 602343891
Broker Reference #: 9525-992365

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Business Overview:

This Nothern VA based absentee owner NEMT transportation company has been in business since 2016. Covering most of the NOVA areas by making 300+ trips per month. Currently, they have Six contracts, one of them with United Health cover and 7 with assisted living facilities. With their Irregular Route Common Carrier-Passenger certificate, they are not limited to being subcontractors.

With a fleet of 4 Transportation Vans, one fully equipped with wheelchairs, first aid kits, etc. with two full-time, two part-time drivers, and two sub-contractors to cover the trips. The fleet is well maintained and regularly serviced. Currently, as an absentee owner, they are making $70,000, but there is a lot more room to grow considering the number of service areas they have at their disposal.

With the increase of the baby boomer population and the expansion of Medicare and Medicaid the business is poised to continue its rapid growth for years to come. The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060.

This is an excellent opportunity for either a current provider of these services or an experienced investor looking to expand their portfolio to hedge against the uncertainty in today’s stock markets.

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Reason for Selling:

Other interests.

Additional Details:

  • The property is leased.
  • 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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