Ambulance & Wheelchair Transportation

Business Overview:

Their primary services include ambulance transportation (which makes up 80% of their services) as well as wheelchair accessible or specialty transport, event standby, and EMS education services. It is an ambulance business that has Hospital, Nursing homes, and VA contracts, serving both emergency and nonemergency calls. Their established staff includes 1 general manager, 2 division supervisors, 2 billing reps, 9 dispatchers, 13 medics, 31 EMTs, 6 drivers, and 2
mechanics. This business operates out of a 20,000 square feet combined garage and dispatch center. The owner believes his responsibilities could be absorbed by their general manager as this GM has handled their responsibilities in the past. The owner has offered a transition/ training period of 1 year. The purchase includes all contracts, insurance agreements, 15 ambulances, 9 vans with medical equipment valued at $1,200,000 plus over $350,000 in AR! The buyer receives over $1.5 million in total assets for $460,000 cash down!

This business is important to the community it serves, providing lifesaving services in a way that makes a huge impact in their clients’ lives. Growth opportunities for this business moving forward would include getting involved with insurance contracts to offer community
paramedic services including home visits to decrease individuals with a high rate of repeatedly needing ambulance assistance. Priced at $1,955,000, with a down payment of $460,000, a seller promissory note of $350,000 and an earn out based on performance, this business is primed to return new ownership high levels of financial and operational success.

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Property Features and Assets:

Ambulances: $479,000 • 15 Ambulances, 9 Vans and 1 Car Medical Equipment: $454,000 Equipment: $282,000 Working Capital: $278,246 • AR: $358,246 • AP: $80,000 Buildout: $73,000 Technology: $14,000 Lease: 20,000 square feet garage and dispatch center.

Market Competition and Expansion:

Growth Opportunities: Getting involved with insurance contracts to offer community paramedic services including home visits to decrease individuals with a high rate of repeatedly needing ambulance assistance.

Reason for Selling:

Retirement

Additional Details:

Documents:

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