14 Apr Acquisitions Anonymous: Alabama NEMT Company for Sale: $3M Revenue, $376K SDE
This episode analyzes a non-emergency medical transportation (NEMT) company in Alabama generating roughly $3M in revenue and about $376K in seller’s discretionary earnings, with an asking price between $1.0M and $1.4M. The business operates a fleet of specialized vehicles transporting patients to medical appointments under government and institutional contracts, including federal agreements that drive a significant portion of revenue.
Key Highlights Section:
$3M revenue, ~$376K SDE, asking $1.0M–$1.4M (~3–4x multiple)
Recent financial volatility, including losses in prior year
Heavy reliance on government or Medicaid-related contracts
Asset-heavy model requiring fleet utilization discipline
Unanimous thumbs-down from hosts due to risk and data quality concerns
