MergerPlace

Non-Emergency Medical

North Carolina


  • Asking Price: $1,495,000
  • Gross Income: $2,352,906
  • Cash Flow: $501,580
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $500,000
  • Listing ID: #200711
  • Established: 1987
  • Employees: 12 FT / 66 PT

Business Description

Excellent opportunity to enter the growing non-emergency medical transportation and B2B contract transportation business. This B2B contract transportation company provides non-emergency medical transportation for county health departments (mostly taking patients to and from doctors' appointments). The company is also the contract transportation provider for several airlines and multiple corporate clients in the area. Turnkey operation with a fleet of vehicles, experienced dispatchers and supervisors in place.


Business Details

Primary Business Category: Transportation and Warehousing
Location: North Carolina

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 12 FT / 66 PT

Financial Information

Asking Price: $1,495,000
Gross Revenue: $2,352,906
Cash Flow: $501,580
FF&E: $500,000
Seller Financing Available: No

Property Information

Facilities:

Minimal facilities required other than surface lot for parking vehicles when not in use and small building for dispatchers. Municipal authority provides space for operations, dispatch,and parking as part of the contract. The corporate office is based in a small office, could be home-based.

Growth & expansion opportunities:

Given the limited sales and marketing effort to date, there is significant opportunity for the new owner to pursue other counties in the area (leveraging both the fleet and the driver base), to develop relationships with private-pay non-emergency medical transportation clients (such as assisted living facilities) and other commercial accounts.

Competition:

The Company benefits from multiple contracts that are a mix of annual and multi-year terms with renewal options. The Company competes based on quality of service, responsiveness and reputation. Significant barriers to entry exist for under capitalized competitors.

Reason for selling:

Seller has passed.

Support & Training:

Will train for 4 weeks @ no cost. Services provided include: non-emergency medical transportation, contract transportation service and corporate transportation services.

Contact Business Seller

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Business Listed By:

Ron Buck

Murphy Business Brokers