Medical and non-medical transportation company serving Essex, Hudson and Union County, New Jersey. The company completes approximately sixty transports daily, is locally owned and operated with a gross income of $200,000 and a yearly net income of $75,000. The company services are for patients who require continued transportation for medical attention on a non-emergent basis. Transportation includes but not limited to hospitals, long term care, rehabilitation centers, nursing homes, wound care, chemotherapy and dialysis. For patients with special needs, wheelchair vans are fully equipped and automated to assist physically challenged and wheelchair bound individuals to all medical appointments, therapies, and dialysis. The company has various contracts with Logisticare who is the Medicaid agent for the state of New Jersey and coordinates all resident transportation. The Medicaid payments are guaranteed based on millage and remitted on a thirty day schedule. This Medical Transportation industry is projected to expand due to the continued demand from retiring baby boomers. The company has a trained team of drivers with quality service and knowledge of local communities and medical facilities. The company has a fleet of seven vehicles consisting of handicap and non handicap capacity. In addition to medical & non medical transportation the company can offer basic limo transportation services for general events and focused on providing safe, reliable on-time transport for their clients.
Property Features and Assets
The facility consists of a 600 sq. ft. commercial office with various office equipment and phone systems to coordinate the day to day operation. Located in Essex County, New Jersey which is conveniently located to the residents it serves in Essex, Union and Hudson County.
Market Competition and Expansion
Due to the required contracts with Logisticare limited competition exist in the state of New Jersey and seller will supply a non compete agreement with the purchaser. By increasing its fleet of vehicles the company can expand with the Medicaid income, and by an improved marketing plan to increase private transportation service the company can experience further expansion.
Reason for Selling
This is not a franchise resale opportunity.
This is not a homebased business opportunity.
The owner is willing to train/assist the new owner.
The property is leased.