Non-emergency Medical Transport. Recurring Revenue.

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Under Contract

Background

BizEx ID:BizEx1426-EM
General Location:Los Angeles, CA
Category: Consumer Services (B2C)
Healthcare
Years in Business:7
Under Present Owner:7
Hours of Operation:8:00am - 6:00pm. 24 hr phones
Owner Hours:Varies
Training:4 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:2025
Lease Options:
Building Size:500
Employees:15
Reason for Sale:Other Opportunities

Financials

Asking Price:$2,900,000
Down Payment:Negotiable
Gross Sales:$2,000,000
Discretionary Cash Flow:$750,000
FF&E:$300,000
Inventory Included?Yes
Inventory:$5,000
Min. Operating Capital:
Real Estate Available?No
Rent:$1,100
Payroll:$55,000

2023
Gross Sales $ 2,000,000
Gross Profit $
Disc. Earnings $ 750,000

bizex

Description

Non-Emergency Medical Transportation Company in Los Angeles; Well-known

High Recurring Revenue due to large volume of Dialysis transports which require 3 trips weekly.

Fleet: 9 Vehicles to include Gurney with Lifts, and Sedans. Well maintained, clean fleet with a large Logo that generates call-in clients.

High Referrals from current, satisfied client base due to the company's focus on customer service and highly reliable scheduling.

This company also Contracts with Large Healthcare Transportation Brokers. Medi-Cal Licensed. LADOT Permits. 

They have a new contract starting in April 2024 which has the opportunity to greatly increase revenue.

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.

SBA Pre-approval and a possible Seller Note with a substantial down at close for a qualified buyer.

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
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 1220802




Dan Higgins
Marketing Consultant
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
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