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  • Listing No.: 106-15279

  • Category: Service

Asking Price $1,995,000
Down Payment $1,500,000
Gross Revenue $1,611,680
Total Adjusted Net Income $558,566
Equipment/Fixtures $125,000
Year Established 2005
General Location
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image-for-Sean Seaman
Contact Details:

Established and consistently profitable medical billing service with seasoned staff and strong recurring revenue.  Seller is looking to phase into retirement and spend more time with family.  Strong management team already in place working out of their West Coast office and the seller only devotes 10 hours per week personally to the billing business presently.  15 long term clients make up over $1.4M in recurring revenue and this company has an impeccable reputation within the local medical community and continues to grow through referrals.  For more details and to review comprehensive financial records after NDA execution. 

Gross Revenue $1,611,680 Listed Price $1,995,000
Total Income $558,566 Down Payment $1,500,000
Base Rent $0 Square Feet 3317
Total Rent $5,904 Lease Expiration 3/2020
Rent Deposit $0 Lease Options
Inventory Not Included Leasehold Improvements
Equipment/ Fixtures $125,000 Other Assets 32 computers, 28 phones, 55 monitors and a terminal server.
Full-Time Employees 23 Training Period 2 weeks
Part-Time Employees 2 Special License Required
Contract Staff 0 Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.