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Medical Transport Business In Passaic County For Sale

Passaic County, New Jersey, US
Asking Price:
$14,000,000
Sales Revenue:
$11,000,000
Cash Flow:
$2,200,000

LISTING ID # 33139

This 18-year-old ambulance company located in Passaic County, New Jersey is available for purchase. The company provides exclusive, 24/7 service to cities, a number of hospitals, more than a dozen nursing homes and various other old age and assisted living facilities in Central and North Jersey. In addition to the service they provide to institutions, they provide service to the major insurance company patients, Medicare and Medicaid patients and private pay individuals as well. The Companys Mission is to provide medical transportation to individuals on a patient-driven basis rather than on a money-driven basis. And on that basis, business continues to grow each year; for example, they were up 15% last year over the year before reaching $11 million in revenue. The 24/7 service is provided by 180 drivers (140 FT, 40 PT), a support staff of 18 that handle intake, customer service and dispatch; they farm out billing and compliance, and a clerical staff. As to vehicles, they count 25 ambulances, 17 wheelchair vans, 2 minivans, 2 spare ambulances, 2 private vehicles, a 22-passenger bus and a service vehicle. Seller will only speak to buyers with proof of funds 10-12M

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Business Operation

Reasons for selling:

Personal

Years established:
2002

Other Information

Support & training:

Seller will train

Inventory / Stock value:
$1,700,000

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