Highly Profitable Medical Billing Service
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Listing No.: 106-14426
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Category: Service
| Asking Price | $1,150,000 |
| Down Payment | $750,000 |
| Gross Revenue | $785,583 |
| Total Adjusted Net Income | $355,296 |
| Equipment/Fixtures | $100,000 |
| Year Established | 1996 |
| General Location | California |
This is a unique opportunity to acquire an established and profitable medical billing company in business over 17 years with 9 employees. 23 active clients are included in the sale with the majority of them being in place for over 10 years! 3 new accounts have been added so far in 2014 that should account for an additional $60K in annual net profit according to the owner. Seller will consider financing for a qualified and experienced buyer. Seller owns the office building and is willing to extend an attractive lease to the new buyer. Trained staff already in place. Call immediately for more information on this unique opportunity.
| Gross Revenue | $785,583 | Listed Price | $1,150,000 |
| Total Income | $355,296 | Down Payment | $750,000 |
| Base Rent | $2,000 | Square Feet | 1,950 ft2 |
| Total Rent | $2,000 | Lease Description | |
| Rent Deposit | $ | Lease Options | Seller Owns Building |
| Inventory | $ | Leashold Improvements | $ |
| Equipment/Fixtures | $100,000 | Other Assets |
| Full-Time Employees | 9 | Training Period | 4 weeks |
| Part-Time Employees | Special License Required | ||
| Contract Staff | Reason for Selling |
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.