Profitable and Growing Medical Billing Service
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Listing No.: 106-14786
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Category: Service
| Asking Price | $799,000 |
| Down Payment | $550,000 |
| Gross Revenue | $669,578 |
| Total Adjusted Net Income | $320,337 |
| Equipment/Fixtures | $3,000 |
| Year Established | 1997 |
| General Location | Colorado |
Highly profitable and growing medical billing company available for acquisition. Seller has health concerns that prompt the sale of this thriving business. 8 clients consisting of 25 doctors make up the $670k of recurring revenue that generated $320k of cash flow for the seller in 2015. The business has been established over 19 years and the seller owns the real estate and is willing to offer flexible terms on a new lease or allow the business to relocate depending on buyer preference. Seller will consider financing for a qualified buyer and is open to a longer term transition period. Sales continue to increase year over year. This business will sell quickly, call immediately for more details.
| Gross Revenue | $669,578 | Listed Price | $799,000 |
| Total Income | $320,337 | Down Payment | $550,000 |
| Base Rent | $1,279 | Square Feet | 750 ft2 |
| Total Rent | $1,279 | Lease Description | |
| Rent Deposit | $ | Lease Options |
| Inventory | $ | Leashold Improvements | $ |
| Equipment/Fixtures | $3,000 | Other Assets |
| Full-Time Employees | 3 | Training Period | 2 Weeks |
| Part-Time Employees | 3 | 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.