High Margin Medical Examination Business with Protected Territories

Price: $695,000

Location: Seminole County, Florida

Business Category: Medical Related Biz

Business Subcategory: Medical Testing

Listing ID: 4110-00289

Listing Status: New

Description

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.

LISTING DETAILS

Down Payment: $695,000

Total Sales: $784,670

Discretionary Earnings: $237,329

Accounts Receivable: $100,000

Accounts Receivable Included: No

FFE: $15,000

FFE Included: Yes

Inventory: $7,500

Inventory Included: Yes

Operation

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

Employees: 22

Managers: 0

Absentee Owner: No

Lease Option: Negotiable

Location

Real Estate Included: No

Monthly Rent: $2,720

Type of Location: Office Building

Square Footage: 1400

Franchise: Yes

Relocatable: Yes

Summary

Reason For Sale:

Consolidation, Other Business Interest

Training & Support:

Two weeks at no cost to buyer.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Carey Sobel

Carey Sobel