Business Overview

Founded in 2015, the opportunity is a non-emergency and emergency medical transport company. They provide all transportation needs including: ambulatory, wheelchair, stretcher, ambulance non-emergent and emergent transports, BLS (Basic Life Support) and ALS (Advanced Life Support). The business is licensed to transport anywhere in the state and the bulk of the service area is concentrated to Central Georgia. They offer multiple ambulance transportation including: out of state pickups, hospital to hospital transports, doctor visits, dialysis appointments, evacuation transportation and other specialty transports. They are in network with most major insurance carriers, but we can offer a self-pay option if necessary.
The business runs ambulances with two-man EMT/Paramedic crews. They also have designated non-emergency transportation (NET) trucks that are appropriately staffed. The business fleet totals 15 trucks that are very well maintained through the company’s in-house maintenance department.
The business is operated from an owned facility situated on 1.18 acres that is well appointed for the operation of the business. The facility is available for purchase at fair market value. The business could be easily relocated since the facility location is not essential to the operation of the business.
Key company highlights:
• The business has 9 office personnel including the owner, 15 Full time NEMT Drivers, and 18 Ambulance crew members including BEMT, AEMT, and Paramedics.
• All employees are CPR certified and up to date with all of the current CDC and DPH requirements. All of our EMT’s are Nationally Registered as an EMT, AEMT, EMT-I, or Paramedic.
• Excellent Customer Service, Quality and Experience; highly respected name in the EMS industry.
• Geographic Expansion – easily grow revenues by expanding the geographic footprint into more counties, as well as adding more trucks and more personnel.
• The owner works ‘on’ the business not ‘in’ it. Ownership does not need to be active in the company on a day-to-day basis.

Financial

  • Asking Price: N/A
  • Cash Flow: $345,370
  • Gross Revenue: $2,238,347
  • EBITDA: N/A
  • FF&E: $740,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:42
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retire and owner has another unrelated business.

Additional Info

The company was started in 2015, making the business 7 years old.

The company has 42 employees and is located in a building with estimated square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell companies. Nonetheless, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is really crucial that you not count absolutely on a vendor's word, however rather, make use of the seller's response combined with your overall due diligence. This will repaint a much more sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that revenue margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back 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 building where the business resides. The business may have existing contracts with vendors that have to be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in new clients? Many times, operating businesses have repeat customers, which develop the core of their daily revenues. Particular elements such as brand-new competitors sprouting up around the area, road building, and also employee turn over can influence repeat customers and adversely affect future earnings. One vital thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the higher the chance to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the neighborhood mean family earnings influence future earnings prospects?