Common sense might indicate that an economic downturn is a bad time to sell a business. Surprisingly, it may be just the opposite in the non emergency transportation industry. With their traditionally low barriers to entry, ambulance businesses are proving especially alluring to unemployed entrepreneurial types looking for an investment that will pay off. When it comes to putting your ambulance business for sale, there may not be a better time than now.
1. High Unemployment
By 2011, unemployment has been hovering at around 9 percent for two years. One in every 3 workers has been out of a job for over a year, according to MSNBC. While chronic unemployment is certainly not an ideal situation, high rates of joblessness can sometimes be a blessing in disguise. Desperation forces people to get creative. When job seekers get tired of looking for work, they may decide to take matters into their own hands. In the past, fear has stopped many potential entrepreneurs from taking the plunge and going into business for themselves. But when the economy leaves you with nothing to lose, you may be more likely to take that first step toward owning your own ambulance business.
2. Investors Looking to Buy a Job
Going into business for oneself can pay off, but startup costs often create a roadblock. Uncertainty about the market can be off-putting. For these reasons, entrepreneurs without a lot of money in their pockets often prefer to purchase an already profitable venture with the ability to produce immediate income – what is known as “buying a job.” By playing up the stability and successes of your ambulance service for sale, you can appeal to some of the millions of unemployed or underemployed workers searching for a better paycheck and increased job freedom.
3. Strong Customer Demand
In addition to being a relatively easy market to enter, the ambulance transport business is experiencing record demand. A rapidly aging population coupled with a growing group of people suffering from chronic conditions such as diabetes and obesity means an opportunity for exponential growth. Besides, people will always need health care. Investors considering whether or not to take the leap into non emergency transportation business ownership may be swayed by the promise of security. After all, it doesn’t get much more secure than a guaranteed customer base.
4. Increased Buyer Competition
High consumer demand leads to high buyer demand. As in any sector, increased demand has a tendency to drive up the sales price. Transportation business brokers know what buyers of ambulance companies for sale are looking for. An experienced intermediary can help you attract the right buyers and present your business attributes in an accurate yet flattering light. Ambulance business owners who are able to create competition between buyers are in a better position to complete a sale to a qualified buyer for a price that is more than fair.