Located in Union County, New Jersey, this transportation company transports ambulatory Medicaid patients to treatment facilities and also transports special needs school children to and from home and school in Union and Essex Counties. The company has an impressive fleet of 16 vehicles including thirteen minivans and 3-16 seat school buses along with 16 full-time drivers, 3 part-time aides and a support staff that covers dispatching, billing, scheduling, and patient service. This business occupies an impressive and spacious facility that was built for growth and includes parking for up to 35 vehicles, a 2,000 sq. ft. garage, and a mechanic. Lease terms can be long-term or short-term if the buyer wishes to relocate to smaller facilities. The medical transportation business is a fragmented industry in New Jersey served predominantly by hundreds of small privately held businesses. A Buyer can grow this business slowly by servicing additional counties, by expanding hours of operation or by adding one vehicle and driver at a time. Certainly, growth through acquisition and roll-up offers a buyer considerable opportunity for labor and staff consolidation. Likewise, meaningful growth is expected in the transportation of Special Needs as children head back to school particularly since many of the larger, more highly leveraged service providers closed down due to the pandemic. It is difficult to imagine a business that offers more value for its price and greater growth opportunity. This business will not last. To drive by and set an appointment to meet the owner, call Gerald Nimberg, Senior Business Broker, Vested Business Brokers at his office.
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