Listing ID: 79182
2022 is Set to be a Year of Rapid Growth for this Non-Emergency Medical Transportation Business. The Seller has Already Signed New Service Agreements with Health Care Facilities in December 2021 valued at $15-20k/month, not reflected in the stated financials. This Business has Set The Standard with Top of the Line Equipment, all less than 6 Years Old. Services Include: Wheelchair Transport, Stretcher Transport, Stair Chair Service, and Transport Companions. $80k of A/R is available.
Call 800-648-2620 for add’l information.
Check out the Video: https://youtu.be/8HeHwIZhYgc
- Asking Price: $700,000
- Cash Flow: $161,097
- Gross Revenue: $383,907
- EBITDA: N/A
- FF&E: $285,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Seller will provide 2 weeks of familiarization to the buyer at no cost.
The business was started in 2012, making the business 10 years old.
The company has 5 FT employees and resides in a building with disclosed square footage of 200 sq ft.
The building is leased by the business for $704 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. However, the real factor vs the one they say to you might be 2 completely different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or a range of other reasons. This is why it is very vital that you not rely completely on a vendor's word, yet instead, make use of the vendor's response combined with your overall due diligence. This will repaint an extra sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover items like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new clients? Many times, operating businesses have repeat clients, which develop the core of their everyday revenues. Certain aspects such as brand-new competition growing up around the area, road building and construction, as well as staff turnover can affect repeat customers and also adversely impact future revenues. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to develop a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the local mean house income impact future revenue potential?