Transportation Business in New Jersey - 36174

Financing

$2,300,000 Down and $700k upon NJ State's approval of the transfer of the medical licenses to Buyer (approximately 6 months after contracting with Buyer) and the remainder payable in 18 months.

Business Description

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. Contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers at 646-269-4616 for more information on this great opportunity!

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