Medical Svcs Firm Sells To Hospitals
Location: South
Industry: Health and Medical > Other Health and Medical
Financials
Gross Revenue: $5,200,000
Cash Flow: $2,300,000
Cash Flow Comments: Growing; consistent margins
FF&E: $1,000,000 (Included in Asking Price)
Seller Financing: Cash Only
Business Summary
Very progressive and innovative company provides unique oriented services to hospitals. Custom built system & service is highly unique and customers love it due to its functionality, ease of use, customization features, etc. This product/service provides lo dollar recurring revenue stream each month. Long tenured accounts, including major hospital chains, etc; seamless transition of new accounts. Very strong and long tenured management team in place, including one who runs the day to day operations. Owner will provide a transition period of up to one year to ensure a good transition to new owner. Business is run basically absentee (owner only visits facility 5 times a year). Highly unique company with sophisticated product/system and depth of management, etc allows for absentee ownership. All employees are cross trained in multiple positions throughout company. Very well run company with VERY high margins. No brokers or buy-side fee situations please.
About the Business
Year Established: 15
Employees: 40 full time - 15 part time
Relocatable: Yes
Facilities: Excellent; can be headquartered anywhere.
Market Outlook and Competition: Excellent : New service being added currently will increase sales and will cut labor costs; excellent growth opportunities due to growth in aging baby-boomers, number of physicians, hospitals, etc; Very unique company which has a proprietary product custom built to serve the needs of its customers and is unlike any other competitors in the industry; NO direct selling has been done in MANY years; TONS of upside here
About the Sale
Management Training and Support: One year as needed; Long term key mgr can "run" the business; owner runs basically absentee presently
Reason For Selling: Retirement

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Listing Tools
BizQuest ID:827984
Seller ID:MedSvcs
Business Listed By
Name:Reed Law
Company:Southeast Business Exchange
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