Transportation Company for sale in New Jersey - 3

Not Disclosed, NJ
Essex County


Asking Price: Annual Revenue:
$1,620,000 $1,400,000

Services: Taxi, Limo, & Passenger Transportation


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RE: Transportation Company for sale in New Jersey - 3 Broker: Vested Business Brokers, Ltd

Quick Facts

Asking Price: $1,620,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: $375,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 15
BBN Listing #: 73304447
Broker Reference #: 32010

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Business Overview:

Business Description Whole Business: An emergency (ambulance) company, non-emergency medical transportation (wheel chair and mini-van), and school bus company servicing New Jersey is up for sale. The State is not issuing new ambulance licenses and the license itself generally sells for more than $500,000. The State has also contracted with this company to transport Medicaid patients to and from medical treatment facilities (now serving Essex and Union) and various New Jersey counties (now servicing Essex and Sussex) have contracted this company to provide bus transportation for school and special needs children and ambulatory vehicle transportation for handicapped children as well. Headquartered in Essex County, the owners are willing to sell their business to the right buyer and go their separate ways. This business is very profitable since the licensing, contractual, financial and driver requirements to transport emergency medical, Medicaid and school bus children along with the cost of owning and running a fleet of 22 vehicles comprised of school buses, wheelchair vans, mini-vans, and the high cost of insurance all which limit competition. This business can expand in any number of ways. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Essex and Union Counties included. This long-standing transportation company has the license, experience, vehicles and drivers to grow within the counties it currently serves, and it can expand into any other county within the state simply by picking up the phone and advising the state of its intent. Moreover, it has four ambulances and the drivers to serve the emergency medical, Medicare and private sector markets such as nursing homes, veterans homes and assisted living facilities anywhere in the State and this business has not been developed at all. Moreover, the company can expand its school bus business into other school districts as well. There is so much more Medicaid, Medicare and private patient transportation business than the current service providers now fill and, since the industry is served by small, independently owned companies, the roll-up opportunities are equally prominent. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer. Please contact the broker, Gerald Nimberg or email us.

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Additional Details:

  • The property is owned.
  • 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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