Listing ID # 32010
This company provides bus service for school and special needs children as well as ambulatory and ambulance vehicle transportation service for handicapped children. Its wheelchair and ambulance license also permit the company to service Medicare, insurance and private pay customers at will or under contract with municipalities, hospitals, nursing homes and assisted living facilities. Also, the company has fully equipped ambulances and the license to provide Emergency 911 service merely by upgrading the training of its drivers to EMT level. The school bus transportation and medical transportation business, particularly the emergency medical transportation business, are very profitable since the licensing, contractual, financial and driver requirements to provide these services along with the cost of owning and operating a fleet of 16 vehicles comprised of school buses, wheelchair vans, mini-vans, and ambulances and equally limiting, the mere availability of insurance to new entrants each pose a very high barrier to entry. There have been times in the past when the State stopped issuing new ambulance licenses thus, driving up the value and cost to obtain an existing license which has a reported value well in excess of $200,000 just for the license.This business can grow in any number of ways. The School bus and Special Needs business can expand into other counties and the roll-up opportunities in a fractional market are plentiful. Of even greater significance, the ambulance business is begging for development. The owners are willing to sell their business to the right buyer and go their separate ways. This is a turnkey operation; drivers and essential staff will remain. Seller financing may be available to a qualified buyer.
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