Business for Sale

Under Contract

Medical Transport, Non-emergency, 25 years in LA

BizEx1249-EM

Background

General Location:Los Angeles, CA
Category: Local Passenger Transportation
Health, Medical & Dental
Years in Business:25
Under Present Owner:25
Hours of Operation:7:00am - 6:00pm; Monday - Saturday
Owner Hours:Varies
Training:4 weeks @ 40 hours
Organization Type:C-Corp
Lease Expiration:Month to Month
Lease Options:Yes
Building Size:900
Employees:8
Reason for Sale:Retirement

Financials

Asking Price:$795,000
Down Payment:Negotiable
Gross Sales:$700,000
Discretionary Cash Flow:$290,000
FF&E:$100,000
Inventory Included?Yes
Inventory:$5,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$2,500
Payroll:$13
Financing:SBA

2018 2017 2016
Gross Sales $ 680,000 $ 535,000 $ 630,000
Gross Profit $ $ $
Disc. Earnings $ 292,000 $ 206,000 $ 296,000

Description

Very Profitable and Well Established Medical Transportation Company in LA.

This branded, non-emergency medical transportation company has been operating in Los Angeles since 1994. The founders and current owners have developed an excellent reputation throughout the industry and has secured a loyal, diverse customer base.

NOTE: Medical transportation businesses are currently very desirable and sought after. A huge population of "Baby-boomers" are reaching an advanced age and healthcare related industries are experiencing excellent growth; projected for the next decades.

High Profits: almost $300,000 of Net Income from $680,000 in Gross Revenue.

The company currently operates a well maintained vehicle fleet of 6 LADOT vehicles with 2 additional Permits available. Their services include all facets of non-emergency transport for Wheelchair, Gurney / Stretcher and Ambulatory needs with a diverse customer list including many Private Pay accounts, Insurance Companies, Hospitals and various Medical Facilities.

Growth Opportunities: This company has a solid base to build on and there are numerous opportunities for expanding services and revenue. The sellers are seasoned professionals and are offering training and guidance to a new owner.  

Contact us for more information, please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register. Eric Mellem, Business Broker at (310) 293-6414 or emellem@bizex.net. Don Mellem, Business Broker, (949) 842-8154, dmellem@bizex.net


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922