Listing Number: 2072022-814553
Description
This is a tremendous opportunity to acquire a well established and profitable non-emergency medical transportation business operating in Southeast Ohio. This industry continues to be sought after due to its relatively modest capital requirements, it's recession resistance, and the recurring nature of its revenue.
Operating in SE Ohio, the business has limited local competition and significant opportunities for growth through either geographic expansion into other areas of Ohio, or further penetration locally of the various social service agencies and other entities in need of non-emergency medical transportation.
The current leased office space is ideal for the business, but a new owner could do much of the office work from any location with access to the internet, making this an easy business to own and operate from any location within a couple hour drive of SE Ohio.
The business currently operates with 14 seven passenger vans, which are included in the purchase price. Revenue is up over 40% in the last three years, and demand continues to be strong. The business transports clients from their homes or nursing facilities to doctor appointments, dialysis appointments, family events etc.
The recurring customer base of individuals, facilities, and government agencies generates a stable revenue stream and predictable cash flow, making the business and industry very desirable.
The owner is willing to provide 10% seller financing to qualified buyers.
Listing Details
- Price: $ 689,000
- Down Payment: $620,100
- Sellers Discretionary Earnings: $ 226,000
- Total Sales: $ 1,121,000
- Location: Ohio
- Inventory: $ 0
- FF&E: $ 45,000
- Employees: 18
- Reason for Selling: Retirement
- Category: Transportation
