Medical Transport. Non-emergency. Recurring $.LA

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Background

BizEx ID:BizEx1378-EM
General Location:Los Angeles, CA
Category: Healthcare
Medical Transportation
Years in Business:5
Under Present Owner:5
Hours of Operation:2:00am - 7:00pm
Owner Hours:2:00am - 7:00pm
Training:4 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:Month to Month
Lease Options:
Building Size:500
Employees:10
Reason for Sale:Other Opportunities

Financials

Asking Price:$1,250,000
Down Payment:Negotiable
Gross Sales:$800,000
Discretionary Cash Flow:$375,000
FF&E:$170,000
Inventory Included?Yes
Inventory:$4,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$900
Payroll:$20,000
Financing:SBA

Description

Non-emergency Medical Transportation Company in Los Angeles. Repeat Clients with Weekly Scheduled Trips = High Recurring Revenue.

This well-known and highly profitable company was founded by the partners in 2016 and quickly established itself as a highly reliable, top customer service medical transportation company. They perform up to 700 trips per month and have strong relationships with Call the Car, Modivcare and numerous private pay customers.

They are operating in the San Fernando and San Gabriel Valleys  

  • 8 Van Fleet, Clean, Well Logo-ed and equipped for Gurney, Wheelchair and Ambulatory 
  • 90% Dialysis Customers provides for High Recurring Revenue.
  • LADOT and Medi-Cal Licenses
  • Well-run Company with a reputation for Top Customer Service.
  • No Marketing - referrals from happy customers 

Growth Opportunities: This company has a solid base to build on and there are numerous opportunities for expanding services and revenue. They have been asked by the transportation brokers to add to the fleet and take many more customers. The sellers are seasoned professionals and are offering training and guidance to a new owner. 

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.

We expect this company to sell quickly so we are looking for qualified buyers with Loan Pre-approvals and/or Proof of Funds.

For more information, please complete the BizEx Buyer Registration at https://www.bizex.net/buy-business/register.


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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




Dan Higgins
Marketing Consultant
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:

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