Listing ID: 76975
PRICE REVISED…The company operates in its marketing area with a continuous 24-7 operation. Ambulance service is Inter-Facility, Emergency, and Neonatal.
In addition to its fleet of ambulances, it maintains a full-service maintenance center at its primary facility.
Services include Basic Life Support-EMT’s; Advanced Life Support-Paramedics; Critical Care Transport- RN’s; and Neonatal and Standby Coverage.
Client base includes government hospital systems, private hospitals, children’s hospitals, and skilled nursing and rehabilitation facilities.
Sale includes 26+ ambulance vehicles, extensive office furnishings, up to date medical equipment, state of the art telecommunication equipment, tools for vehicle maintenance, and inventory of supplies.
Sale also includes considerable Working Capital in form of A/R- 4 mil+ discounted to 1.2 million of purchase price.
Current leases are either long term or open to extensions pending viability of buyer.
Owner is selling to concentrate full time on another business. He is open to staying on short term-up to a year plus or minus-if needed. Preference is to transition out of business in a matter of months.
Price: 3.5 million, all cash at close.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Richard Waxman at firstname.lastname@example.org or call 415-515-3487 to receive a confidentiality agreement and to learn more about this opportunity.
- Asking Price: $3,500,000
- Cash Flow: $1,107,704
- Gross Revenue: $9,196,870
- EBITDA: $1,107,704
- FF&E: $500,000
- Inventory: $200,000
- Inventory Included: Yes
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:17,000
- Lot Size:N/A
- Total Number of Employees:103
- Furniture, Fixtures and Equipment:N/A
Two locations 11,700 sf in Location 1 and 5000 sf in Location 2 Location 1 Rent: $19,071 Location 2 Rent: $4478.80
Seller will provide training at no cost to buyer
Concentrate on another business he owns.
Several competitors…Health Care market remains strong, particularly with aging boomer population.
New contract opportunities coming on line soon….additional contracts with skilled nursing facilities…
The venture was founded in 1995, making the business 27 years old.
The sale will include inventory valued at $200,000, which is included in the requested price.
The company has 103 employees and resides in a building with approx. square footage of 17,000 sq ft.
The property is leased by the business for $23,549 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. However, the true reason vs the one they say to you might be 2 absolutely different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in earnings, or a range of various other factors. This is why it is very crucial that you not count absolutely on a seller's word, yet rather, use the seller's answer in conjunction with your overall due diligence. This will paint an extra sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover points such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too small. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new customers? Often times, companies have repeat customers, which develop the core of their daily earnings. Certain elements such as brand-new competitors growing up around the area, roadway building, and also personnel turn over can affect repeat consumers as well as adversely influence future earnings. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Just how might the local average home earnings impact future income prospects?