Thriving Medical Transportation Business

Forest Park, GA

Seller Financing Available

Asking Price:$1,995,000
FF&E:$313,000
Gross Revenue:$1,781,000
Established Year:2019
BUSINESS DESCRIPTION

Seller financing | Efficiently run | Owners are somewhat absentee | Plenty of gr

Plenty of room for growth and expansion opportunities for the right owner(s). Come in and add your magic touch to this already successful business. Key points to consider

- What is the percentage of business by payor source? 98% is paid through insurance.
- Medical Insurance company payers - Medicare, Medicaid, Aetna, Cigna, Cigna Health spring, Blue Cross
Blue Shield, Peach State, Humana.
- How many local contracts with medical facilities? 3.
- Do you have a manager in place that can run the day to day? Yes.
- How many calls do you complete on average in a day/week/year? 24-34 calls a day.
- How many repetitive patients do you currently have? 30 Patients.
- What are some growth opportunities in your area? Additional contracts with nursing homes and additional
patients with various dialysis centers in the area.
- Are you in good standing with the Department of Public Health? Yes.
- Are you in good standing with Medicare/Medicaid? Yes.
- Have you ever been put on a pre-payment review? No.
- Does your company have any current auto/general liability claims for vehicle and/or employee accidents?
Have you had any in the past? No vehicle claims.
- Do you perform maintenance yourself or do you have a company to maintain the fleet? Have a company.
- Do you use a billing company to perform billing practices? Billing company.
- How frequently do you submit claims? Daily.
- Do you have Standard Operating Procedures in place? Yes.
- Is payroll done in house or is it outsourced? Outsourced.
- Is HR handled in-house or is it outsourced? Outsourced for paperwork for new employees.
- Do you have an employee handbook? Yes.
- Is there any pending litigation or threats of litigation on the company? No.


***NOTE***
2021 Gross Revenue - $756,426
2022 Gross Revenue - $1,204,642
2023 Gross Revenue - $1,781,000
2024 Gross Revenue (Jan to Aug 2024) - $1,261,324


ATTACHED DOCUMENTS
NDA - SCMT .pdf Download

DETAILED INFORMATION
Location
Forest Park, GA
Inventory
Included in asking price
Employees
28
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
003- Ambulance 2020 Ford Transit 004- Ambulance 2020 Ford Transit 005- Ambulance 2018 Ford Transit 006- Ambulance 2022 Dodge Promaster 007- Ambulance 2018 Ford Transit 008- Ambulance 2023 Dodge Promaster - Approx $10k-15k worth of Office furniture - Approx $30,000 of Medical equipment on the ambulance's
Competition
Thriving Market year on year growth.
Growth & Expansion
Plenty of room for growth and expansion.
Financing
Minimum Cash Down $750,000 | No longer then a 5 year term | Interest rate TBD
Support & Training
Owner(s) to provide one month of free Support and Training. If additional training is required then owner(s) are willing to stay on with a salaried structure. (Maximum six month period)
Reason for Selling
Funding additional investment opportunities
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Bobby
Patel
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Bobby Patel