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The State has contracted with this company to transport Medicaid patients to and from medical treatment facilities (now serving Essex and Union). Headquartered in Essex County, the owners are willing to sell their business to the right buyer and go their separate ways. This business is very profitable since the licensing, contractual, financial and driver requirements to transport Medicaid patients along with the cost of owning and running a fleet of 7 vehicles comprised of 2 mini-vans and 5 wheelchair vans and the high cost of insurance all limit competition. This business can expand in any number of ways. The Medicaid transportation needs of the state are not being fulfilled in any county in the state, Essex and Union Counties included. This long-standing transportation company has the license, experience, vehicles and drivers to grow within the counties it currently serves, and it can expand into any other county within the state simply by picking up the phone and advising the state of its intent to expand. Since the industry is served by small, independently owned companies, the roll-up opportunities are equally prominent. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer. Please contact the broker, Gerald Nimberg at Vestedbb.com or at 646-269-4616.
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