Listing ID: 77280
Profitable medical and special needs transportation company. This great opportunity is a well-known resource for non-emergency medical transport services. The business has a stable history of continuous growth year over year. The company provides contract service with both government and private insurances. Averaging hundreds of daily patient trips. The business provides transportation for patients, often with special needs, to and from all their medical appointments. Patients may reside in assisted living centers or private homes.
The company has a great reputation with their many clients and local medical – healthcare facilities. Known for their on-time service, professional drivers, safe transportation, and customer satisfaction. A fleet of over 30 plus well-maintained vehicles service daily the Inland Empire. Detailed equipment list will be provided with an accepted offer. Seller would consider a reasonable seller note for a strong buyer or possible SBA financing.
- Asking Price: $1,099,000
- Cash Flow: $272,820
- Gross Revenue: $2,027,752
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:800
- Lot Size:N/A
- Total Number of Employees:19
- Furniture, Fixtures and Equipment:N/A
800 sq. ft. leased office space
The Seller will agree to train with Buyer as per a mutually agreed “Seller Training Agreement”. The Seller will provide training for 4 weeks, 20 hours per week following the close of escrow, included in the purchase price. Additional training/consulting may be available from the seller, if required, for a negotiable fee.
Seller planning for retirement
The venture was established in 2010, making the business 12 years old.
The company has 19 FTE, 4 PTE employees and is located in a building with approx. square footage of 800 sq ft.
The property is leased by the company for $4,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. Nevertheless, the genuine reason vs the one they say to you may be 2 completely different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or a range of various other reasons. This is why it is very essential that you not depend entirely on a seller's word, however rather, make use of the vendor's answer along with your overall due diligence. This will paint an extra reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new customers? Most times, companies have repeat clients, which create the core of their day-to-day earnings. Certain factors such as new competition sprouting up around the area, roadway building, as well as staff turn over can impact repeat clients and also adversely affect future earnings. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the possibility to build a returning consumer base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional typical home earnings influence future earnings potential?