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Asking Price$300,000
Revenue$144,000 Established2017
Cash Flow$72,000 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
The State has contracted with this company to transport Medicaid patients to and from medical treatment facilities. Headquartered in Morris County and serving Hudson County as well, the owner of this business is willing to sell his business to obtain cash. Competition in this industry is limited due to the length of time it takes to obtain a license, contract with the state and meet the driver, vehicle and insurance requirements. Because of the limited competition, the businesses that have met these requirements are profitable from the outset and because of the barriers to entry and the imminent growth offered by the state, existing licensees have real value beyond their immediate earnings. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Morris and Hudson Counties included. Licensed, operating businesses can obtain more business in the counties they serve (and they do), and they can expand into any other county within the state simply by picking up the phone and advising the state of its intent to expand. Growth, however, requires a front-end investment to acquire additional vehicles, drivers and insurance and, perhaps several months of operation before they break-even. Investment in a set of vehicle, driver, insurance and operation would run about $40,000 and that would typically bring in more than twice its cost in the first year alone and generate a 50% net profit each year thereafter. Since the industry is served by small, independently owned companies, the roll-up opportunities are equally prominent. For more information, please contact the broker, Gerald Nimberg at 877-735-5224

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Training/Support:Seller will train
Sale Reason:Personal
Ad #113469
Seller Reference #32732
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