Business Description

This profitable company in Hudson County, New Jersey is for sale by its owner who is retiring after 25 years in the business. With several state licenses and a New Jersey Medicaid contract, the company operates with a fleet of vehicles including ambulances, minivans, and wheelchair vans. The company's Net Cash Flow is $523,000 before debt service and $417,000 after monthly PPP funding payments for the next 27 years. The medical transportation business in New Jersey is fragmented, with many small privately held companies. There are numerous growth opportunities in the region, such as expanding the fleet or operating hours, providing unique trip services, extending services to neighboring counties, or adding wheelchair and non-emergency ambulance services. The potential for growth through acquiring smaller companies is also available in this industry. Overall, this business offers significant value and considerable growth potential at a reasonable price. Interested parties can contact Gerald Nimberg, a Senior Business Broker at Vested Business Brokers, for more details on this