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This Hudson County, New Jersey medical transportation business transports patients to and from treatment facilities. Trips are assigned to each transportation company in the United States by a national agency, established for that purpose. The company has an impressive fleet of 15 vehicles, including 11 wheelchair vans and three minivans, and is licensed to operate throughout the state. Highly profitable as it is, this company brings not only value for its price, but unprecedented growth opportunity. The medical transportation business is a fragmented industry, served predominantly by small private businesses. In this industry, the need for this service is not being met, as demand is far greater than supply. A buyer can grow this business by adding additional routes, judiciously to existing routes, or by adding one vehicle and driver. He can also grow exponentially by adding days of service, ambulance service, operating in additional counties, and rolling up smaller companies through acquisition. The marketplace will more than accommodate. Less than three years old, this company has doubled the size of its fleet and, in the process, tripled its profits. It is difficult to imagine a business that offers more value for its price and greater growth opportunity.
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