Listing ID: 82417
70-year-old owner of Very Profitable Medical Staffing and Medical Billing Company established for over 25 years for sale. Within 45 minutes of KC metro, this very profitable company has provided Nurse Practitioners and Physicians Assistants to provide anesthesia services for surgeons working in an out-patient niche environment. The company uses an advanced back-office billing platform and employees three staff who manage the back-office billing for a company that operates M-F 8 A.M. to 5 P.M supporting outpatient service. The current owner generates over $700,000 annually in net cash flow of which $200,000 comes from the owner’s personal production. The back-office billing and administrative work is managed by an office manager and supporting staff and there are plenty of opportunities for growth.
- Asking Price: $1,169,300
- Cash Flow: $760,000
- Gross Revenue: $2,500,000
- EBITDA: $610,000
- FF&E: $25,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
This business maintains an office that is managed by a GM and billing support staff.
The seller will stay for up to three years to help with transition
Retiring - 70 years old
Incredibly unique niche that is growing
Currently serving one medical specialty but can easily expand billing and staffing into other areas of the medical industry
The venture was founded in 1996, making the business 26 years old.
The business has 5 employees and resides in a building with estimated square footage of 1,000 sq ft.
The building is leased by the business for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. However, the real reason vs the one they say to you may be 2 totally different things. For instance, they may claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is very essential that you not depend entirely on a vendor's word, but rather, make use of the vendor's response together with your general due diligence. This will repaint a more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that profit margins are too tight. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new clients? Most times, companies have repeat consumers, which develop the core of their daily earnings. Specific elements such as new competition sprouting up around the location, road building, and personnel turnover can impact repeat consumers as well as negatively affect future profits. One essential point to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood median home earnings effect future revenue prospects?