California-based provider of non-emergency medical transportation for people who need assistance getting to non-emergency medical appointments, including dialysis and chemotherapy patients. The company uses a GPS-enabled mobile platform to schedule service, track performance, and manage billing. The company is partnered with the nation’s largest health care logistics manager, which handles all of the complex Medicaid and insurance company billing – the company simply bills the logistics manager. This close partnership, plus a stable and loyal pool of clients relying on the company to get to their regular appointments, makes the company an ideal opportunity for a buyer to enjoy steady growth, predictable cash flow, and a rapid return on their investment.
The medical care transportation submarket is an ideal niche where active or passive owners can generate robust profits. As Uber and Lyft have shown, today’s transportation industry contains the potential to rapidly expand as consumers change their purchase behavior by adopting new service business models that are enabled by mobile technology. Within the medical segment, as the Baby Boomer demographic ages and enters their retirement years, their demand for health care and transportation to appointments is naturally going to grow quite briskly.
On a global basis the industry is estimated to reach $93.2 billion annual revenue within the next 4 years, with the United States representing the largest market. Looking ahead over twenty years, California’s population of people ages 65 and up is expected to double. Yet despite this huge demographic tailwind fueling growth, the transportation submarket of medical care remains highly fragmented with no dominant player, especially throughout the regions of California where the company operates.
The company is a leader for non-emergency medical transportation in the cities of San Jose and San Francisco, California. This is a unique opportunity to purchase a profitable company in a growth market with highly fragmented competition.
OFFERING PRICE AND TERMS
The company is wholly owned by its founder and operator, who plans to focus his time on another business he owns following the transaction. This is an asset purchase that includes all the Company’s customer lists, equipment and three vehicles. The asking price is $149,000.00.
|Yrs In Business||3 years||FF&E||Office Equipment and three automobiles: 2015 Acura, 2011 Dodge Caravan, 2010 Honda Civic|
|Employees||Owner, 1 admin, 3 drivers||Terms||Negotiable|
|Hours||M-F; 7 am – 5 pm||Ownership||LLC, sole member owns 100%|
|Facilities||Leased office space in strip mall.||Reason for Sale||Owner focusing on other family business|