Long-established (16-year) non-emergency medical transportation business (ambulette). Licensed in Rockland and surrounding counties. Serving dialysis centers, 3 nursing homes, 3 assisted living, doctors' appointments, and private van rentals and trips.
All contracts are still active. All drivers are willing to stay on board and have at least 2 years’ experience with the company. The owner will train the new owner and provide as much time as needed to learn business. The fleet is made up of ten vehicles, all from 2018 to 2021, with an average of 200 trips per day, 1,000 per week, plus private pay.
The company uses software that is fully integrated with Medicaid for trips and billing. The seller is adding 4 new vans to accommodate increased demand. Currently, all 10 vehicles (there will be 14) are on the road and come with the sale of the business.
The owner shrank the business by 7 vans due to COVID; 5 vans can be filled in two weeks with pent-up demand; the seller turns away $1500-$2,000 of work per day. Opportunity to add vans to capture this work. The seller and brother work in the business 3 days each. Adult Day Care accounts for approximately 40% of sales, with the rest split between dialysis (preferred vendor for 3 facilities), exclusive contracts for 3 assisted living facilities, and preferred vendors for two others. Many doctors have offices and therapies.
Many private trips cost $30–$50k per year. Several Rockland ambulettes closed during COVID. All vans are equipped with GPS and cameras. All vans are late-model (2018–2021) Fords and Hondas and are almost all paid off. Maintained in meticulous condition.
Very low rent ($700 month) with a small office and large lot for van storage. The owner currently turns away work each day from Medicaid brokers that provide trips to ambulette companies because the industry is operating at capacity. Due to COVID, several local competitors have gone out of business, and the opportunity to expand is available.
Medicaid licenses for ambulettes are no longer being issued. Opportunity for new buyers to add staff and expand business. An all-cash deal with no seller financing is being offered. Not bank-finance-able. Buyers must provide proof of funds of at least $1 million for a call or meeting with the owner. No financials until due diligence.
The seller nets over $400,000 per year on approx. $1.5 million in revenue.
