Should you buy or start a non-emergency medical transport company?
Weigh what you would otherwise have to build: facility relationships, trained drivers, adapted vehicles and a booking history. A going concern brings these along with its problems, while a start-up gives you control but takes time. Only you, with your advisers, can weigh them.
Many people who ask how to start a wheelchair transportation business end up asking whether to buy one instead. Neither route is right for everyone. This page sets out what each side gives you so you can compare them against your own time, savings and experience. It does not recommend either path.
What an existing company can bring
A running company may come with adapted vehicles, a dispatch routine, drivers who already know the work and customers who already book rides. Its books show how the business actually performed. It also comes with history: old contracts, tired vehicles and habits you did not choose. The seller’s reasons for leaving matter, so ask about them early.
What starting fresh gives you
A new company lets you choose the vehicles, the service level, the drivers and the customers from the beginning, with no inherited problems. The cost is time. You must win trust from facilities and agencies that do not know you, and you will have no booking history to show a lender or a customer.
Questions to ask yourself
- How soon do you need the business to support you?
- Do you already have contacts among care homes, clinics or agencies?
- Have you managed drivers and a schedule before?
- Can you take on a seller’s obligations, or would you rather begin without them?
Where to go next
If buying is on the table, how to find a company for sale is the next step, and the buying guide follows the process through. Setup rules and licensing for a new company are questions for your lawyer and the relevant authorities.
Related reading
11 pages on the same subject, grouped by topic.
Buying
- GuideBuying a medical transport company in Canada
- Expert answerHow do I find a medical supply store for sale near me?
- Expert answerWill the fitters and staff stay after I buy a medical supply store?
- Expert answerHow do I find a bus or coach company for sale?
- Expert answerIs buying a non-medical home care agency different from buying a home health agency?
Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentBusiness plan template for entrepreneurs
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