Transportation Business for Sale in NJ-33229

Not Disclosed, NJ
Essex County

Asking Price: Annual Revenue:
$685,000 $2,080,000

Services: Taxi, Limo, & Passenger Transportation

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RE: Transportation Business for Sale in NJ-33229 Broker: Gerald Nimberg
Owner Financing is Available!
$400,000.00 Down & $285,000 over 12 months.

Quick Facts

Asking Price: $685,000
Annual Revenue: $2,080,000
Net Profit: Not Disclosed
Cash Flow: $450,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 4
BBN Listing #: 79754447
Broker Reference #: 33229

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Business Overview:

Headquartered in Passaic County, New Jersey and serving Essex, Union, Passaic and Bergen Counties, this eleven -year- old non-emergency medical transportation company has come on the market. Under contract with the state regulatory authorities, this company transports ambulatory Medicaid patients to and from their residences and their treatment facilities. Service is provided by nine- owned company minivans all in working condition. In addition, this company employs ten independent sub-contractors who provide additional transportation services to NJ State Medicaid patients on behalf of the company. This is a high volume, high margin company whose sales have grown constantly since inception. This is a turnkey operation staffed by nine full-time drivers, one bookkeeper/patient care phone rep. and two dispatchers. One principal is active in the business and the other has full-time employment elsewhere and works limited hours. One of the owners will stay if desired. For more information, contact Gerald Nimberg. Please use email reply button of this ad to contact us.

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Reason for Selling:

No time

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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