Asking Price: $6,000,000 Gross Revenue: $11,856,000Cash Flow: $989,256EBITDA: $989,256Inventory: Not Disclosed FF&E: Not Disclosed 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.
They specialize in MRI 's for personal injury and all major medical insurance and workers compensation. These 8 facilities are open MRI centers. Patients can be scanned in almost any position such as flexion or extension (to name but 2 of many) such that ligamentous instabilities can be seen where missed in any other MRI (closed or open).
They use Fonar technology, which has an added benefit that most MRI's can be performed seated while watching TV. This is the quietest MRI in the market. Their technology helps attract otherwise claustrophobic patients.
This absentee company is well-maintained by leadership with regards to marketing, machine maintenance, billing and collections (in-house), insurance contracts, and bookkeeping.
They get referrals from Attorneys, Doctors, word of mouth and their SEO/website. They are one of the largest providers of open MRI services within the Philadelphia area. All 8 facilities are sold as a package.
About the Business
Philadelphia County, Pennsylvania
8 separate leases being provided. Most through 2028 with options to renew, etc
The company is the DOMINANT competitor in the market. No one else has Fonar MRIs and no one else has as many locations. Their referring physicians are loyal and they cater to their patients promptly.
Growth & Expansion:
Adding more insurance contracts to the business would open more doors. Adding other testing modalities like CT, x-ray, ultrasound, PET, etc would offer a one-stop solution to referring doctors and patients. A new owner could pursue a cloud-based solution. Additionally, interacting with large groups of PCPs and specialists would be a win-win. Finally, running television ads would drive the business very well. There are some very good YouTube video ads that can be emulated.
The information on this listing has been provided by either
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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.