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Transporation Business In Essex County For Sale

Essex County, New Jersey, US
Asking Price:
$800,000
Sales Revenue:
$1,118,000
Cash Flow:
$190,000

LISTING ID # 32015

This 22-year-old New Jersey State licensed company provides medical transportation services to Medicaid patients in Essex, Union and Middlesex Counties. Headquartered in Essex County, New Jersey, Its fleet is comprised of five wheelchair vans, eight minivans and 15 full-time drivers. A shared staff of four provides dispatch, patient contact, billing, scheduling and compliance reporting. The Seller will stay on after the sale to smooth transition or to run the company for up to one year for those seeking a true turnkey operation. The business was off in 2020 due to Covid but has picked up very well this year and is approaching its former levels. Businesses of this nature are highly profitable as the state provides the service providers with the customers (patients) thereby saving these transportation companies from the marketing and sales costs and the state pays for the transportation services provided within two to three weeks after each patient is transported. Thus, businesses in this space are spared the costs of marketing, sales, accounts payable and bad debts and virtually all of a working capital can be applied to growth. Please contact the broker, Gerald Nimberg at Vestedbb.com or at for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at to discover the difference that is Vested Business Brokers.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at to discover the difference that is Vested Business Brokers.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32015 for instant access to this business information.

Business Operation

Reasons for selling:

Cashed Out

Employees:
11FT
Years established:
1997

Other Information

Support & training:

Seller will train

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

600,000.00 Down & $200K for 24 months with no interest

Furniture / Fixtures value:
$500,000

Contact Vested Business Brokers HQ

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