Alabama NEMT Company for Sale: $3M Revenue, $376K SDE Breakdown

In this episode the hosts review an Alabama non-emergency medical transportation business priced around $1.0–1.4M and unanimously reject the deal due to unstable earnings, questionable financial reporting, and heavy dependence on government contracts. Business Listing – https://www.dealonomy.com/s/non-emergency-medical-van-transportation Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. Looking to build a professional website in minutes? Try Wix: https://wix.pxf.io/c/6898629/3115214/25616?trafcat=template HubSpot is the backbone for how businesses scale without chaos. Try them out here: https://go.try-hubspot.com/OeG9Vr Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1 Subscribe to our Newsletter: https://www.acquanon.com/newsletter Connect with us on Social Media: Twitter: https://twitter.com/acquanon LinkedIn: https://www.linkedin.com/company/acquanon 👋 Follow the Hosts Michael Girdley – Entrepreneur & investor. Twitter: https://twitter.com/girdley Bill D’Alessandro – CEO of Elements Brands. Twitter: https://twitter.com/BillDA Heather Endresen – SBA lending expert & advisor. Twitter: https://twitter.com/EndresenHeather Mills Snell – Small business investor & advisor. Twitter: https://twitter.com/thegeneralmills 💰 Sponsored by: Viso Business Capital Viso Business Capital helps acquisition entrepreneurs secure the right SBA loan by matching them with lenders that fit their specific deal. With access to over 30 lending partners, they streamline the financing process so buyers can close faster and with better terms. Sign up for a free live Q&A on SBA loans at https://www.visocap.net Quiet Light Brokerage Quiet Light Brokerage specializes in helping entrepreneurs buy and sell businesses with experienced operators as brokers. They offer a free valuation clarity call to help owners understand what their business is worth and how to increase its value before selling. Learn more at https://quietlight.com/ 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