Listing Number:  11226
Description:  Los Angeles Ambulance (NEMT) Business
Asking Price:  $250,000
Gross Revenue:  $400,000 (2011), projected at $430,000 in 2012
Cash Flow:  3 year average $110,000
Cash Flow Type:  Sellers discretionary earnings (SDE) 
Business Description:  With an exploding baby boomer population, the demand for medical transportation is steadily increasing across the country.  This non-emergency ambulance transportation business, with a 911 capability, has a well-established brand name that has consistently delivered reliable service to its community.  It is positioned for significant growth.  The business is responsible for over 1300 medical transportation trips annually.  100% of the revenue is medical transportation, doctor visits, dialysis, inter-facility transfers, and event support.  The current ownership has been in place since 2007.  While many transportation businesses saw dramatic fluctuations in revenue during the years of 2008 through 2011, this company stayed steady and increased revenue and trips.  It would take countless dollars to attempt to replicate this company's reputation, brand recognition, and connection with its community.  In addition, obtaining a mandatory new operator license to operate an Ambulance business in Los Angeles is subject to current restrictions and new oversight, making entry into the market an impossible feat for a newcomer.  The seller sees multiple opportunities to expand on the medical transportation business.   The business currently operates 2 vehicles valued at about $35,000 which are included in the sale.  The combination of being able to purchase a  reputable company with a strong future, and in process for a county ambulance operator's business license, for this price, along with flexible financing options makes this business an absolute "irresistible business opportunity" to gain a foothold in the Los Angeles market.
Seller Financing:  Some  seller financing may be available to qualified buyers. 
Year Established:  Over 5 years ago
Mgmt. Training/support: 

Two weeks training from owner included in sales price.  More can be negotiated.  4 existing trained employees will likely stay on.

Reason For Selling: 

Seller would like to move out of state.

Facilities:  Current owner leases space for $1850/mo.  Seller says the new owner could assume the lease or arrange a similar deal with the landlord.  Existing transportation companies may realize substantial savings in rent by consolidating and diversifying operations.
Market:  The market is highly fragmented, and while there is normal competition in the market, only the reputable companies will survive the new licensing process.  The explosion of the baby boomer population is dramatically increasing the demand for medical transportation.
Outlook/Competition:  The business' primary competition is a handful of local operators who are similar in size and charge similar rates.  The new permit/license will be transferable to a qualified new owner when issued.

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The Tenney Group

1805 Park Row Drive Suite D

Arlington, TX 76013

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