Asking Price: $2,250,000 Gross Revenue: $1,011,200Cash Flow: $720,460EBITDA: $718,820Inventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Located in Southern California, the business performs detailed forensic audits of health insurance claims for the behavioral health industry. The audits are on-going and recurring as outlined in their contracts. The company owns custom proprietary software that assists the team in finding high target claims to work. This software has direct access to over 4,000 insurance companies / claims data.
There are a total of 16 employees and contractors. The company has low overhead and low expenses with profit margins of 65% to 70%. There is a strong management team already in place. The sales team has a VP of sales along with 3 other sales agents that are fully trained. The current owners are relocating and are motivated to sell.
Use the contact form to the right to contact the broker for a full buyer prospectus, financial spreadsheet, and to setup a conversation.
About the Business
Number of Employees:
Building Sq. Ft.:
$1,750.00 Per Month
Mostly data-driven, basic furnishing, and the employee computers. The lease is month to month and relocatable so there are very few "physical" assets involved in this acquisition.
Although there is not a lot of direct competition who offer all the services we do, there are competitors in the hospital space that offer software that finds incorrect denial of claims, incorrectly coded claims, and low paid claims. Our method utilizes software on the front end and verbal reprocessing of claims on the back-end.
Growth & Expansion:
Despite how things may change in the healthcare industry, we can say for certainty that insurance companies will always be looking for new reasons to pay less then agreed, and lets face it, its a profitable business model for them. Many times this can cause clinics & healthcare professionals serious financial issues, and, when the cost of delivering healthcare solutions to their patients supersedes their revenue problems arise. This method of low payouts has no sign of getting any better regardless of what changes congress makes in healthcare laws.
Forensic Auditing of Medical Billing and Claims - Recurring Rev
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