Listing ID: 70170
Profitable Midwest Mobile MRI business for sale. Magnetic Resonance Imaging machines are mounted in trailers, then used in over 25 locations to provide Doctor’s and Chiropractor’s offices with medical imaging diagnostics.
Business became a separate profit center in 2017 as an offshoot from another business.
Business offers medical clinics a method to increase their profitability by referring patients to their own outsourced MRI.
This business can be grown by expanding to other cities in the region using the existing equipment. Also, additional machines can be purchased and located in strategic areas. The business could be bought by others already in the MRI business as an add on business.
- Asking Price: $2,200,000
- Cash Flow: $603,463
- Gross Revenue: $1,680,545
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Owner wants to concentrate on clinics in Southwest.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. However, the genuine reason and the one they say to you might be 2 entirely different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of other factors. This is why it is very essential that you not depend completely on a seller's word, but instead, use the seller's response combined with your general due diligence. This will paint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new clients? Many times, operating businesses have repeat customers, which create the core of their daily earnings. Certain factors such as brand-new competitors sprouting up around the location, road construction, as well as employee turn over can influence repeat customers and negatively influence future profits. One essential point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the better the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional typical household earnings influence future income prospects?