SellerForce® presents a 12-year-old non-emergency medical transportation (NEMT) Brand that has established themselves firmly in Milwaukee, WI. They are a brick-and-mortar business that assists clients who need to get to and from medical services but have no means of transportation, and, as such, see consistent demand in their area from their roughly 350 to 380 clients. They also offer prescription pickup and delivery services as well as shopping trips.
Their sales are 100% organic, with the brand being marketed through their company logos and uniforms, alongside word-of-mouth referrals. Despite their lack of a proper marketing campaign, they enjoy a Net Profit Margin of 77%. The brand has different pricing for different client accommodations and invoices on a bi-weekly basis. They charge $32.65 for ambulatory clients, $35 for wheelchair clients entering the vehicle, and $2.21 per mile.
They also charge $7.50 per 15-minute wait period and $16.95 for no-call/no-show clients. Their rates are higher for private pay clients, with wheelchair clients paying $50, and ambulatory users paying $40. Both pay $4.00 per mile.
Current ownership works about 10 hours per week, which they spend setting up the schedule and occasionally helping their dispatcher with scheduling appointments. The brand has a team of full time Transportation Professionals who act as their drivers, as well as a full-time dispatcher.
A buyer will find that there are various ways that they can drive this acquisition down the path of success. They could, for instance, network within the local community to strengthen their reputation, and grow their reach by recreating their business model in other regions.
As the brand is currently over capacity and turning away business as a result, they could also easily scale by growing their transportation fleet to meet demand. From there, they could expand their services with out-of-state transportation for clients and day program outings in their 15-passenger van.
This deal has enjoyed consistent sales for years and is currently up 9% over last year. They are based in a market that, due to the increasing aging of the population, will likely continue to see growing demand as the years go by. The right buyer could capitalize on this trend with the right strategies, increasing the brand’s range, strengthening their reputation, and solidifying them as a top choice for beneficiaries in need of transportation.
If you’re interested in stepping behind the wheel of this excellent opportunity, please contact SellerForce today for more details from our brokers.
Listing ID: SF375
