Business Overview

Exceptional growth potential. New contracts in the queue also make this an exceptional opportunity for growth-minded buyers. This company provides non-emergency medical transportation services along the Emerald Coast of Florida for transport between facilities, to and from appointments or procedures, and more. Formed in late 2019, this business has quickly grown into a profitable enterprise.

Financial

  • Asking Price: $130,000
  • Cash Flow: $59,501
  • Gross Revenue: $299,624
  • EBITDA: N/A
  • FF&E: $85,000
  • Inventory: $750
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Rent is $1475.03 per month. Vehicles are housed outside of the 1,000 square foot facility. (Home Based)

Is Support & Training Included:

Will train for 2 weeks @ $5k. This company owns its transport vehicles, and manages a staff of employees. Safe and reliable form of transportation for non-emergent ambulatory and non-ambulatory clients.

Purpose For Selling:

Owner is moving out of the area.

Pros and Cons:

The competition is inconsistent and unreliable in this area. The reputation of reliability and consistency of this company has consistently opened doors and will be a great opportunity for the new owner.

Opportunities and Growth:

Potential for growth is tremendous by adding shifts, employees, and transport trucks. Can be run from the home.

Home Based:

This Business Is Home Based

Additional Info

The business was founded in 2019, making the business 3 years old.
The transaction will include inventory valued at $750, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. However, the true reason vs the one they tell you might be 2 entirely different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of other factors. This is why it is really vital that you not count totally on a seller's word, but instead, utilize the seller's response combined with your total due diligence. This will paint a more sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that revenue margins are too tight. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be satisfied or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in new consumers? Many times, operating businesses have repeat clients, which create the core of their daily earnings. Certain factors such as new competitors growing up around the area, roadway building, and also staff turnover can impact repeat clients and negatively affect future profits. One important point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the better the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical house income impact future revenue potential?