Turn Key Medical Billing Company
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Listing No.: 106-15279
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Category: Medical Billing
| Asking Price | $1,995,000 |
| Down Payment | $1,500,000 |
| Gross Revenue | $1,611,680 |
| Total Adjusted Net Income | $558,566 |
| Equipment/Fixtures | $125,000 |
| Year Established | 2005 |
| General Location | West Coast |
Established and consistently profitable medical billing service with seasoned staff and strong recurring revenue. Seller is looking to phase into retirement and spend more time with family. Strong management team already in place working out of their West Coast office and the seller only devotes 10 hours per week personally to the billing business presently. 15 long term clients make up over $1.4M in recurring revenue and this company has an impeccable reputation within the local medical community and continues to grow through referrals. For more details and to review comprehensive financial records after NDA execution.
| Gross Revenue | $1,611,680 | Listed Price | $1,995,000 |
| Total Income | $558,566 | Down Payment | $1,500,000 |
| Base Rent | $ | Square Feet | 3317 ft2 |
| Total Rent | $ | Lease Description | Expires 3/2020 |
| Rent Deposit | $ | Lease Options |
| Inventory | $ | Leashold Improvements | $ |
| Equipment/Fixtures | $125,000 | Other Assets |
| Full-Time Employees | 23 | Training Period | 2 Weeks |
| Part-Time Employees | 2 | Special License Required | |
| Contract Staff | Reason for Selling | Retirement |
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.