Non Emergency Medical Transportation - SBA Financing
Location:
United States
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Wisconsin
Industry: Health and Medical > Other Health and Medical
Business Summary
Revenue up 15% YTD! Cash flow up 250% YTD! Premier provider in Non Emergency Medical Transportation (NEMT). Please email or call Dan Arcand at 651-288-1620 to discuss this Non Emergency Medical Transportation business for sale. Now that gas prices have recessed to the somewhat reasonable $2.50/per gallon range, business is booming for this transportation business. It is the transportation of people in need of assistance such as patients in wheelchairs, or otherwise handicapped who need transportation to day-treatment programs, hospitals, or clinics. A Non Emergency Transportation Service (NEMT) will transport people to and from medical appointments, in and out of hospitals and nursing facilities, or to and from residences for various appointments. The business was started in the early 1990's. As the elderly population continues to grow and the baby boomers begin retiring, it's expected the need for all forms of this type of transportation will grow substantially. Currently the owners do not solicit new business. Benefits of this business are guaranteed payment from the government. Medicaid is a program funded by the Department of Social Services. As the owner of a medical transportation company, you automatically qualify for sizeable personal tax credits. The business is somewhat recession proof. Whether the market is up or down, there are always elderly and disabled people that need to be transported. In addition, a Non Emergency Transportation Service (NEMT) business can be very easy to manage. Unlike an ambulance service you will not need any special life saving equipment or training. The business is currently being run from the sellers home and is being run semi-absentee. The Business has a stellar reputation and often gain new customers thru word of mouth. Roughly 10% of the customers are private pay recipients, including the day-treatment students. The other 90% are Medicaid clients that are billed thru EDS.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$568,972
Cash Flow:
$120,519
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1992
Number of Employees: 10 - 19
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Not Applicable
Click on the "I'm Interested" button above for more information on this Health and Medical > Other Health and Medical business for sale.
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Print Listing Id: 700115106
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