Physician Consulting Firm - Recession Proof
Location United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $400000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 1 - 3
Inventory Negligible.
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Yes - see details.
Reason for Sale Wife wants to retire and more to Chile - see details.
Description Primary services involve the handling of the credentialing process for physicians when the relocate, expand their practice, or set up in a new State. 2008 sales are running at $400K. Last years was $310k. Year before was $305k. Down turns in the economy force physicians to seek new opportunities and additional work. This requires more credentialing. Our net profit runs right at 65-70%% of sales depending on the year. This year we will run closer to 70%. I'm selling the company for $1,500,000. This will run at 5 times net profit this year. I am not in a position where I have to sell. My wife wants to relocate back to Chile and has requested that I put the business up for sale for this purpose. I'm happy in the States. So I'm putting the business on the market. No owner financing and full price at closing. I'll stay on for 6 to 12 months after the sale to train and allow for proper transition. The business can be relocated about any where. Contact for more information on this Physician Consulting Firm for sale.
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