Passaic County,
New Jersey, US
Asking Price:
$305,000
Sales Revenue:
$290,000
Cash Flow:
$72,000
The non-emergency medical transportation business is a fragmented industry in New Jersey served predominantly by hundreds of small privately held businesses. Service Providers transport individuals to healthcare appointments for members who have no other transportation options. These trips include rides to and from the doctor, dentist, hospital, pharmacy, and any other place members get treatment services. Growth opportunities are plentiful within the counties served by adding vehicles and/or hours of operation; by accommodating the state with respect to the unusual or unscheduled, by extending service to neighboring counties, or by expanding the services offered- to wheelchair, ambulance, or emergency services. Whichever service is offered, there is often a need for later hours or weekend hours. And the opportunity to grow by absorption of smaller companies is ever present. It is difficult to imagine a business sector that offers more value for its price and greater growth opportunity. The owners of this company are seeking to move out of state after five years in the business. The company has its base of operation in Passaic County, New Jersey. It offers long-distance transportation services to Medicaid and Private Pay individuals and often provides long-distance transportation services to the patients of its fellow Service Providers. The business comes equipped with three minivans and one wheelchair van. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers.
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