Medical / Non-medical Transportation Provider – West Michigan

This well-established and highly profitable business will be the benefit of the baby boomer market and their increasing medical need for the foreseeable future. Built with a solid reputation and providing the next owner with a rewarding business model both financially and in providing a needed and appreciated service to the community at large. The seller loves the business, the employees and clients, but is now looking to retire and find the next owner to continue on.

The business is a medical and non-medical transportation company offering services to wheelchair and ambulatory clients around Grand Rapids, Holland, Muskegon and Kalamazoo. Sales and net profit have seen rapid growth from inception, with the obvious speed bump in the road during covid. Post Pandemic the business is back on track and going strong.

Listing ID:

ABS-23065324-90

Location:

West Michigan

Type of Business:

Medical / Non-medical Trasportation

Asking Price:

$595,000

Gross Revenue:

$775,000

Cash Flow:

$198,840

Inventory:

N/A

FF&E:

$158,000 (included)

Established:

2010

Employees:

1 FT / 19 PT

Facilities:

  • Home based enterprise with great flexibility and low overhead
  • Strategically located (leased) garages in NE Grand Rapid and on the south side

Real Estate / Lease Terms:

  • Leased

Growth Opportunity:

  • Labor markets are showing signs of improvement which would improve capacity and provide instant growth
  • Opening additional hubs in other markets
  • Completing GSA approval for expansion into government and school markets. Seller can help with this process

Competition:

  • There are a number of competitors in this market space, however with the baby boomers, demand is high for all
  • The lower overhead of this business model keeps cost low and margins higher than most
  • Round Trip emphasis leads to higher client satisfaction

Support & Training:

  • Seller will provide needed training and assistance to provide a smooth transition in daily operations
  • Seller is also willing to work ongoing in a PT capacity for up to 2 years after the sale

Reason for Selling:

  • Looking to retire and spend more time with family that resides in 3 different states

Broker Contact:

E. Brad Scoffin – Advanced Business Brokers

Direct: 269-903-8143

Fax: 248-564-5259

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.