Transportation Business in Hudson County-33162

Not Disclosed, NJ
Hudson County


Asking Price: Annual Revenue:
$780,000 $1,350,000

Services: Taxi, Limo, & Passenger Transportation


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RE: Transportation Business in Hudson County-33162 Broker: Gerald Nimberg
Owner Financing is Available!
$780,000.00 Down & None

Quick Facts

Asking Price: $780,000
Annual Revenue: $1,350,000
Net Profit: Not Disclosed
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 25
BBN Listing #: 25474447
Broker Reference #: 33162

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Business Overview:

After 12 in business, this owner/operator is calling it quits and returning to his native country. Located in Hudson County, New Jersey, this operator transports Medicaid patients (under contract with the state) to and from their residences and their treatment facilities. Although offered, this owner refuses the more distant instate trips from other counties such as Bergen and Passaic; however, he is offered and he does accept a limited number of trips transporting patients into and out of treatment centers in NYC for which he is paid a significant premium. In addition to his Non-Emergency Medical Transportation Business, this owner has added 2 school bus routes in Essex County, and this increases his revenues by 15% and his profits by even more since it makes the utilization of his drivers more efficient. He employs 25 Full-time drivers and a staff of three. Vehicles include 25 Minivans, 1 wheelchair van and 1 school bus. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers. Please use email reply button of this ad to contact us.

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Reason for Selling:

Moving

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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