Medical Transportation / Black Car Limo
Location New York,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $5300000
Net Profit / Cash Flow $1000000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1980
Number of Employees 50 - 99
Inventory 35000
Relocatable No
Number of Employees 50 - 99
Real Estate Leased
Reason for Sale Retirement / lifestyle change.
Description The target company is a full service Transportation business that has a medical transportation division and a black car limo division. In addition, the company owns a gas station and auto repair shop that provides fuel and repairs for the company, hence saving the company money on gas and repairs. The business has been established for 22 years and is very profitable. It produces over $5MM in revenue and produces a little over $1MM in clean earnings. All revenue is on the books and the majority of the business bought in is through Government contract work. The company employs over 80 drivers and a little over 15 administrative staff which includes receptions, secretaries, dispatchers, and schedulers. The Seller is close to retirement age and is willing to finance 50% of the transaction. The transaction includes the goodwill, which is made up of 14 government contracts and over 20 corporate accounts, $500,000 of accounts receivables which is all connected to Government contracts and is not older than 45 days, over 80 vehicles which have no debt attached to it and represents around $500,000 in hard assets, $20,000 deposit with Sunoco, and $15,000 of Gas inventory. Contact for more information on this Medical Transportation / Black Car Limo business for sale.
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