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Passenger Transport Company In Union County For Sale

Union County, New Jersey, US
Asking Price:
$325,000 Inventory / Stock included
Sales Revenue:
$700,000
Cash Flow:
$150,000

Located in Union County, New Jersey, this non-emergency medical transportation company transports ambulatory patients to and from home and treatment facilities in Union and Essex Counties and a school bus business that transports special needs school children between school and home in the same counties. The company has an impressive fleet of 12 vehicles, including nine minivans and 3-16 seat school buses. The company was purchased three years ago and developed to its present level and is now being sold separately or in conjunction with its licensed affiliated medical assisted wheel-chair company, Listing 33798. These businesses occupy an impressive and spacious facility that was built for growth and includes parking for 35 vehicles, 2,000 sq. ft. garage and mechanic. Both businesses are growing despite the slow-down caused by Covid but slower than ownership anticipated, and they are seeking to divest themselves of these transportation companies despite their profitability due to other business interests. The medical transportation business is a fragmented industry served predominantly by hundreds of small private businesses in the State. A Buyer can grow this business slowly by servicing additional counties, by expanding hours of operation or by adding one vehicle and driver at a time. Or he can become a major player in the state by rolling up smaller companies through acquisition. The marketplace will more than accommodate. It is difficult to imagine a business that offers more value for its price and greater growth opportunity. This business will not last. To drive by and set an appointment to meet the owner, call Gerald Nimberg, Senior Business Broker, Vested Business Brokers at his office.

If interested, please contact the seller through the form on this page.

Business Operation

Reasons for selling:

Other Interests

Employees:
7FT/1PT

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

250,000.00 Down & $75K to be determined for a qualified buyer.

Furniture / Fixtures value:
$200,000
Inventory / Stock value:
$1,000 - included in the asking price

Contact Vested Business Brokers HQ

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