Location: Seminole County, Florida
Business Category: Medical Related Biz
Business Subcategory: Medical Testing
Listing ID: 4110-00289
Listing Status: New
Owned for 17+ years by the same owner, this is a unique service-based business with an exclusive agreement securing 5 large counties in Central Florida to administer paramedical exam services for life, disability, group and health insurances.
Insurance companies are billed directly and net sales (approx. 20-22%) are provided to the company. Business comes in from independent agents and brokerages with existing relationships and directly from insurance companies that order on behalf of insurance agents. The company averages approximately 1,000 cases per month.
The business is run with 2 FTE’s and 18-20 independent contractor field technicians. This is a turn-key operation and perfect for an owner/operator; from an entrepreneur looking for a bolt-on, to a sales-focused individual looking to ‘leave corporate’ and run their own business. There are several opportunities to increase sales and grow the business behind an (almost) 50 year old company and the largest of its kind in the US.
Down Payment: $695,000
Total Sales: $784,670
Discretionary Earnings: $237,329
Accounts Receivable: $100,000
Accounts Receivable Included: No
FFE Included: Yes
Inventory Included: Yes
Year Established: 31
Year of last Acquisition: 2005
Days & Hours of Operation: 8a - 5p M - Th, 8a - 4p Friday
Owner Hours Per Week: 20
Lender Pre-Qualified: No
Absentee Owner: No
Lease Option: Negotiable
Real Estate Included: No
Monthly Rent: $2,720
Type of Location: Office Building
Square Footage: 1400
Reason For Sale: Consolidation, Other Business Interest
Consolidation, Other Business Interest
Training & Support: Two weeks at no cost to buyer.
Two weeks at no cost to buyer.