NOT DISCLOSED, Virginia
| Asking Price |
$1,060,000 |
Year Established |
2010 |
|
| Annual Revenue |
$1,090,000 |
Reason for Selling |
Retirement (consulting available) |
|
| Annual P/L |
$0 |
Attention |
Karin Neumann |
|
| Annual Cash Flow |
$305,000 |
Listing Number |
1016235 |
|
| # of Employees |
12 |
Business Category |
Services: Taxi, Limo, & Passenger Transportation |
|
Business Overview:
This well-known Non-Emergency Medical Transport Company provides point to point services for facilities and individuals requiring patient transportation. The company coordinates transportation at the request of hospitals, hospices, assisted living facilities, skilled nursing homes and rehabilitation facilities typically within their 100 miles service area in the Mid-Atlantic Region (long distance is available as well). The firm enjoys significant operating margins, documented profitability and significant owner benefit.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 4.7x EBITDA (ttm). A full valuation report is included and there is $40,000 in Net Working Capital plus another $110,00 in Fixed Assets included in the deal. The business is pre- qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain more than $145,000 benefit in after-acquisition-debt cash flow in Year #1 – almost 70% return on equity investment.
(ALL DATA BASED ON SIGNED TAX RETURNS)
Property Features and Assets:
<p>This business currently operates from a conveniently located 1,700 leased office location well suited to service their clients.<br></p>
Market Competition and Expansion:
<p>The company enjoys a strong competitive advantage in the service area through its many regional contracts as well as its “Approved Vendor “status with local Hospitals and other medical, long-term care and rehabilitation facilities. The Company has a solid foundation and is poised for accelerated growth.<br></p><p>It is projected that a new owner will obtain significant additional growth by expanding the direct sales efforts to service a wider territory and new client segments with a minimal capital investment in additional vehicles. The Company projects an annual revenue growth rate under such premise of 15%+ per year with consistent gross margins.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity