Profitable, Well Established, Open MRI Center in Midwest

Contact Seller
Only Open MRI Center in the Area - Room To Grow- Accepts All Major Insurances
Asking Price:
$390,000

Gross Revenue:
$308,000
Cash Flow:
$103,000
EBITDA:
$103,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

This is a very well-established, profitable Open MRI imaging Center in a fairly affluent area of a major metropolitan city in the Mid-West. Established about 15 years ago, this is the only Open MRI center in the area and has won multi-year accolade as the “Best Medical Clinic” by the local county newspaper.

Located on the first floor of a professional Class A building, the Center has a spa-like atmosphere and the other retail outlets on the first floor include two chiropractors. The Center has an area of 1,760 sq. feet.

Currently, the center offers only Open MRI scanning, although in the past it also offered Ultrasound scanning. It has consistent volume over the past few years (about 60 scans per month) and managed to remain healthy and profitable. The MRI machine is a 0.3T Hitachi Airis Elite, which is maintained regularly and has the latest software version. The service provider is of the opinion that the machine should last many more years with proper maintenance.

The Center also accepts most of the insurances available in the area, with Blue Cross accounting for just over a third of the revenue, whereas Medicare accounts for less than 6% of the revenue.

The Center has a good growth potential. Currently, it does a very limited amount of marketing, mainly by the owner, who also is the MRI Tech at the Center. A larger marketing budget and a dedicated marketer can help. If the buyer has other centers nearby, and if in combination with those centers, it can offer a wider range of modalities, it could help bring more business as well. The center can also offer CE credits for educational efforts to chiropractors, which can also improve business.

KEY ADVANTAGES
--------------------
The Center has a great reputation for service and is in a very good, upscale location
It comes debt-free
The MRI machine is well-maintained and updated and as per the servicing company should give excellent service for many more years (see attached email)
It is healthy and profitable and under a good management and marketing can really prosper
Only open MRI in the area
Accepts almost all insurance contracts popular in the area, many of which are hard to get
Scope of adding additional services - particularly if the buyer also has other centers nearby

FINANCIALS
--------------
The Center last year (2018) had a revenue of $308,000 and EBITDA of $103,000 and is being offered for sale, debt-free for $390,000. The owner of the center, who started this Center and who has been running if for the past 15 years, and who has been in the industry for many years prior to that, is looking to retire.

About the Business

Website:
imagingcenters4sale.com/3397-profitable-open-mri-center-midwest-affluent
Contact the Seller

About the Sale

Reason For Selling:
Retirement

Listing Info

ID:
1625348
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Yatin Thakore

TechnologyPark.com

 Show Phone Number

View My 13 Active Listings
Memberships:


Certifications:

Similar Listings


Report an Issue 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.