Transportation Business in New Jersey

Essex County, NJ

Seller Financing Available

listing image
Asking Price:$4,300,000
Gross Revenue:$3,900,000
Established Year:2009
Cash Flow:$1,100,000
FF&E:$1,500,000
BUSINESS DESCRIPTION

LISTING ID # 36174

Looking for a long-term, multi-purpose, highly profitable business? This established non-emergency Special Needs School Bus and Medical Transportation company located in Essex County, New Jersey is all of that. It has the size, staff and structure to support maximum growth. The potential Buyer should have a minimum $1.5 million liquid and experience in either Special Needs or medical patient transportation. The Company provides full school bus and non-emergency medical transportation services to Jersey residents and is authorized to pick-up or drop-off patients in New York and Pennsylvania provided either the pick-up or drop-off is in Jersey. The company comes complete with 73 vehicles, 46 school bus routes and School Board contracts and Medicare, Insurance, Medicaid and Private Pay non-emergency medical transportation services. It has New Jersey State licenses and contracts to provide Basic Life Support and EMS, including CPR, wound care, health assessment, basic first aid and cardiac arrest management, as well as Medicare and nursing home services and an experienced, well-reputed employee base of EMTs, EMRs, MVOs, Nurses, a staff of 7 and a driver and aide base comprising 107 full- and part-time employees. The owner has acquired other properties and businesses to complement its transportation services which are available separately including a mechanics shop and an auto body shop both of which service the Company’s fleet and provide outside services to the local community as well. The properties are available separately as well. The Owner is now seeking to retire and sell all properties and businesses.


DETAILED INFORMATION
Location
Essex County, NJ
Inventory
Not Included in asking price
Employees
107
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
2,300,000.00 Down & $700k upon NJ State's approval of the transfer of the medical lic
Support & Training
Seller will train
Reason for Selling
Retirement
Report an Issue with this listing
profile-img
Vested
Business Brokers, Ltd
logo-img
Vested Business Brokers, Ltd