Medical Transport-Ambulette - 34842

Financing

$1,300,000 Down and $800k over 3 yrs @ 5%

Business Description

Established in 2009, this Connecticut-based Non-Emergency Medical Transportation (NEMT) company provides ambulette services across all Connecticut counties. It serves a diverse clientele including dialysis centers, nursing homes, assisted living facilities, doctor's appointments, and private pay trips. All contracts are active. The market demand is so strong that ownership has and will continue to add vehicles and grow at a steady pace until the business is sold. In fact, two 2024 vehicles have just been added to the fleet. The company regularly turns down additional Medicaid work, presenting a clear and immediate expansion opportunity. Operating from a low-rent office with adequate van storage, the business is well-positioned for further growth, especially with the recent exit of several local competitors due to COVID-19. The business operates a fleet of 12 late-model vans (2014-2024), all are wheelchair vans each equipped with two or three wheelchair lifts, plus GPS, and cameras, handling in excess of 750 trips weekly. The company uses state-provided software integrated with Medicaid for seamless scheduling and billing. The owners are prepared to train the new buyer, offering guidance for as long as necessary. The sale includes all 12 vehicles, state licenses, 3rd party contracts, experienced drivers, etc. Despite recent growth, the sales price and terms have not increased. Interested buyers must provide proof of funds of at least $1 million for meetings. For more information, contact broker Gerald Nimberg at 646-269-4616.

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