Asking Price: $1,750,000 Gross Revenue: $1,050,568Cash Flow: $454,347 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,000,000 included in asking priceFF&E: $1,000 included in asking priceReal Estate: Not Disclosed Share 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.
Medical Imaging Service Provider. The company services and repairs medical imaging equipment. Existing contracts are Evergreen - meaning they auto-renew and are transferable. Company is well-established with over $1MM in revenue and very lucrative bottom-line cash flow. Plentiful inventory included.
About the Business
Number of Employees:
6 FT/1 PT
Currently, the company is in a month-to-month lease situation in NC. However, the company can be relocated anywhere the new owner desires. Service contracts are for companies all over the country - and there is no required location for the headquarters/warehouse.
There are over 14,000 serviceable machines in operation in the U.S., nearly all of which are under some form of service contract. There are dozens of repair and service providers. Typically, a machine will be serviced by the company that supplied the equipment for one to three years as part of the original purchase agreement. After that period of time, it is not uncommon for the medical facilities to shop the service contract for better pricing.
Growth & Expansion:
Ideally this company would be considered a fold-in acquisition for an existing business in the industry. Someone new to the industry could market for new service contracts from the vast number of medical facilities that use medical imaging equipment. Additionally, the current ownership will provide the new owner with a list of roughly 20 companies interested in shopping their service contracts - and assist them soliciting business during the training period.
Will train for 4 weeks @ $0 cost. There are annual licenses required (paperwork and payment only), but there are no specialized requirements - either for the owner or the business itself. There is a need for qualified and certified employees who actually work on the equipment, but the company has those necessary employees - and the market has plenty of players should the need for expansion arise.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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