Thriving Medical Billing Company
Category: Medical Billing
|Total Adjusted Net Income||$604,832|
|General Location||Southern California|
Semi-absentee medical billing company with well established client base. Strong recurring revenue and experienced staff consisting of specialized account managers, team leads and upper level management. Seller has created a very efficient operation with excellent systems in place and outsourced data entry. Company has adapted well to the changing environment and has maintained a solid work flow with minimal interruption. Revenue has historically been very consistent but is expected to increase dramatically with the addition of several new clients over the coming year. Seller is preparing to retire and cares very much about ensuring that the transition goes smoothly.
|Gross Revenue||$1,830,399||Listed Price||$2,000,000|
|Total Income||$604,832||Down Payment||$|
|Base Rent||$3,335||Square Feet||2900 ft2|
|Total Rent||$3,335||Lease Description||Seller owned|
|Rent Deposit||$3,335||Lease Options|
|Equipment/Fixtures||$25,000||Other Assets||Building is owned|
|Full-Time Employees||22||Training Period||Six (6) Weeks|
|Part-Time Employees||Special License Required|
|Contract Staff||Reason for Selling||Semi-absentee, Selling to retire and move on to other opportunities|
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.