LA Non-Emergency Medical Transportation

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Background

BizEx ID:BizEx1275-EM
General Location:Los Angeles, CA
Category: Local Passenger Transportation
Health, Medical & Dental
Years in Business:19
Under Present Owner:19
Hours of Operation:7:00am - 6:00pm, M-F
Owner Hours:Varies
Training:4 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:Buyer to sign new Lease
Lease Options:Buyer to sign new Lease
Building Size:500
Employees:12
Reason for Sale:Retirement

Financials

Asking Price:$895,000
Down Payment:Negotiable
Gross Sales:$800,000
Discretionary Cash Flow:$300,000
FF&E:$150,000
Inventory Included?Yes
Inventory:$5,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$1,000
Payroll:$17
Financing:SBA

2018 2017 2016
Gross Sales $ 825,000 $ 860,000 $ 900,000
Gross Profit $ $ $
Disc. Earnings $ 316,000 $ 300,000 $ 280,000

Description

Non-emergency Medical Transportation Company - LA 19 years.

This company has been operating in Los Angeles since 2000 by the same owners and founders. They have developed an excellent reputation throughout the industry and has secured a loyal, diverse customer base.

They have very low Accounts Receivables with over 50% coming from Private Pay clients. Also a high amount of Workman's Compensation customers.

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.

The company currently operates a very polished, well maintained vehicle fleet of 9 vehicles. 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.  

For more information, please complete the registration at https://www.bizex.net/buy-business/register. Don Mellem, Business Broker, (949) 842-8154, dmellem@bizex.net. Eric Mellem, Business Broker at (310) 293-6414 or emellem@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.




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

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations