Ambulance Co in LA, High Volume and Growth

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Under Contract

Background

BizEx ID:BizEx1284-EM
General Location:Los Angeles, CA
Category: Local Passenger Transportation
Medical Transportation
Years in Business:17
Under Present Owner:3
Hours of Operation:24/7
Owner Hours:Varies
Training:4 weeks @ 30 hours
Organization Type:S-Corp
Lease Expiration:
Lease Options:New Lease or buy property
Building Size:5,459
Employees:81
Reason for Sale:Other Opportunities

Financials

Asking Price:$2,895,000
Down Payment:Negotiable
Gross Sales:$5,000,000
Discretionary Cash Flow:$1,000,000
FF&E:$814,000
Inventory Included?Yes
Inventory:$65,000
Min. Operating Capital:TBD
Real Estate Available?Yes
Rent:$7,500
Payroll:$250,000
Financing:SBA

2020 March 31 2019 2018
Gross Sales $ 1,814,000 $ 4,000,000 $ 3,275,000
Gross Profit $ $ $
Disc. Earnings $ 708,000 $ 700,000 $ 392,000

Description

Los Angeles Ambulance Company - Well Known, Branded - High Volume

$814,000 FF&E Included in List Price - $614,000 Vehicle Fleet, $200,000 Equipment  

No COVID -19 Business Slowdown 

Since 2002, this company has developed an excellent reputation through-out the medical transportation industry and a top-quality provider that handles all facets of ground ambulance services - Stretcher, Basic Life Support, Advanced Life Support, Critical Care Transport and Bariatric services.

Their diverse customer base is from contracts with large transportation brokers, LA County, VA Administration, Private Nursing Facilities, Home Healthcare Agencies and Private Pay Clients. The company recently secured lucrative agreements with Workers Compensation Management firms and the VA Administration which will greatly increase revenue.  

They operate from 2 Los Angeles locations with a Fleet of 24 fully-equipped vehicles which are well-maintained and serviced at their 21,000 lot, which is owned by the seller. The Property is also available for sale or a long term lease is available.

Growth Opportunities: This company is a known industry leader in the medical transportation sector with a solid base to build on. There are numerous opportunities for expanding services and revenue. The sellers are offering training and guidance to a new owner.  

For more information complete the registration at https://www.bizex.net/buy-business/register.

Eric Mellem, Business Broker at (310) 293-6414, 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.




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