Non-Emergency Medical Transportation Company For Sale

Business Overview:

This non-emergency medical transportation company is looking for new ownership. Their reputation is for providing safe, reliable rides for ambulatory and wheelchair bound clients. Staff takes the time to meet clients’ needs before they are even in the vehicle. Providing door-to-door service, they supply transportation for a variety of needs including:•Medical Appointments•Hospital/Surgery Discharge•Facility Transfers•Workmen’s Comp AppointmentsThe company’s excellent reputation means they are in high demand. They often turn down 15-20 runs a week. Additionally, potential new drivers seek them out for a job. However, they have a staff of long-time reliable drivers. They also have strong client retention, too. The company’s main clients are medical facilities, older adults (age 65+), and people with physical limitations. Currently, there are 10-12 contracts with large facilities in the area. New clients usually come from referrals. Of the company’s three types of pay sources, facilities make up 75%, private pay (individuals) makes up 15%, and broker pay makes up 10%. Demand for non-emergency medical transportation is increasing. In 2022, older adults were 16% of the state’s population. In fact, the older adult group is growing five times faster than the younger population. According to 2-1-1, adults 60+ made 357 calls from September 2020 to September 2023 for non-emergency medical transportation. They made 145 calls for disability related transport and 467 calls for senior ride programs. This is just a small sample of the demand for this company’s services. It’s only increasing. This is a great add-on to an existing company looking to grow their service offerings. It’s also great for a compassionate, hands-on owner/operator who loves helping those in need. Contact us today to learn more! Investment Considerations: •Excellent Reputation•Clients & Contracts in Place•Experienced Staff of Drivers •Fleet of 9 Wheelchair Accessible Vehicles•Great Location Near Some of the State’s Largest Healthcare Systems •Growing Demand for Services•Aging State Population•More Work Than They Can Take On•Room for Growth

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Property Features and Assets:

The company currently shares space with another business and pays rent of $1,760 per month. The company is easily relocatable as only a small office and parking for the vehicles are needed.

Market Competition and Expansion:

The market for special needs transportation is growing. Individuals 65 or older make up 16% of the total state population. This group is increasing over five times the rate of the younger population. There is limited direct competition in the area. Most companies providing similar services are specifically for institutions or provide non-related services.

Reason for Selling:

Retirement

Additional Details:

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