||Employees||17 full, 2 part
* Included in Asking Price
LISTING ID # 32010
This company provides bus service for school and special needs children as well as ambulatory vehicle transportation service for handicapped children. And, the company provides non-emergency medical transportation services under contract with the state to transport Medicaid patients to and from treatment facilities which it now does in Essex and Sussex counties. Its license is state issued, and this service can be extended to any county in Jersey simply by phone call notification to Logisticare, the agency that manages the activity.
Its ambulance license also permits the company to service Medicare, insurance and private pay customers at will or under contract with municipalities, hospitals, nursing homes and the like. The company can also provide Emergency 911 service with some addition to trained staff and medical equipment carried on the ambulance. Although the license and vehicles are there, and the added cost to provide the service is not significant, the sales effort to contact and approach the market has been lacking.
There have been times in the past where the State stopped issuing new ambulance licenses thus, driving up the value and cost to obtain an existing license which has a reported value well in excess of $200,000.
This business is very profitable since the licensing, contractual, financial and driver requirements to provide these services along with the cost of owning and operating a fleet of 22 vehicles comprised of school buses, wheelchair vans, mini-vans, and ambulances and equally limiting, the mere availability of insurance to new entrants each pose a very high barrier to entry.
This business can grow in any number of ways. Growth within the markets served- The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Essex and Union Counties included; the School bus and NEMT business can expand into other counties; roll-up opportunities in a fractional market are plentiful and the ambulance business is begging for development.
The owners are willing to sell their business to the right buyer and go their separate ways. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer.
Please contact the broker, Gerald Nimberg at Vestedbb.com or at 646-269-4616.
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|Training/Support:||Seller will train|
|Seller Financing:||1,000,000.00 Down & Balance at terms to be determined|
Seller Reference #32010
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