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Listed by:

Advanced Business Advisors

Established Medical/non-medical Transportation Provider In West Michigan For Sale

West Michigan, Michigan, US
Asking Price:
$595,000 Furniture / Fixtures included
Sales Revenue:
$749,918
Cash Flow:
$178,322

This well-established and highly profitable business will benefit the baby boomer market and their increasing medical needs in the foreseeable future. Built with a solid reputation and providing the next owner with a rewarding business model both financially and in providing a needed and appreciated service to the community at large. The seller loves the business, the employees, and the clients, but is now looking to retire and find the next owner to continue on.

The business is a medical and non-medical transportation company offering services to wheelchair and ambulatory clients around Grand Rapids, Holland, Muskegon, and Kalamazoo. Sales and net profit have seen rapid growth from inception, with the obvious speed bump in the road during covid. Post Pandemic the business is back on track and going strong.

Property Information

Real Estate:

Lease

Location:

•Home based enterprise with great flexibility and low overhead
•Strategically located (leased) garages in NE Grand Rapid and on the south side

Business Operation

Expansion Potential:

•Labor markets are showing signs of improvement which would improve capacity and provide instant growth
•Opening additional hubs in other markets
•Completing GSA approval for expansion into government and school markets. Seller can help with this process

Competition / Market:

•There are a number of competitors in this market space, however with the baby boomers, demand is high for all
•The lower overhead of this business model keeps cost low and margins higher than most
•Round Trip emphasis leads to higher client satisfaction

Reasons for selling:

•Looking to retire and spend more time with family that resides in 3 different states

Employees:
1 FT / 19 PT
Years established:
13

Other Information

Support & training:

•Seller will provide needed training and assistance to provide a smooth transition in daily operations
•Seller is also willing to work ongoing in a PT capacity for up to 2 years after the sale

Furniture / Fixtures value:
$158,000 - included in the asking price