Profitable Mri Imaging Center
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $354000
Net Profit / Cash Flow $210000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 1 - 3
Inventory 300000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training 4 weeks at 15 hours per week.
Reason for Sale Moving out of state.
Description Successful and profitable MRI imaging center. This business was started in June 2008. Annualized sales are roughly $388,000, with $231,000 in annualized net profit. Gross income includes revenues received, not total billable. Average monthly billings range from $75,000-$85,000.
With an anticipated income of $231,000 for 2009, and an asking price of $500,000, this business is priced at a very fair ratio of 2.16 times net income. The business has over $600,000 of accounts receivable, that are not included in the sale. If the buyer is interested in having the accounts receivable included in the sale, they will be included for an additional $250,000.
Revenue breakdown:
40% insurance referral
30% HMO/contract/broker
30% cash patients
This business cost $500,000 to get started, which included roughly $300,000 of equipment. Since it was a start-up, it had no revenue when the doors opened. You have the opportunity to purchase this business, which NOW comes with roughly $231,000 in net profits, for the same $500,000.
Staff includes 1 full-time receptionist. There is a part-time technician to run the machine. They have the studies reviewed by a radiology group in Orange County, where the images are sent electronically for their review.
For the 7 months of operations in 2008 (June through December), they saw 579 patients. In the 7 months of operations this year, they saw 648 patients, a 12% increase.
The owner of this business is not a doctor. There are no special licenses required to operate this business other than a standard business license.
There is no debt on this business.
Seller only works 15 hours per week in the business. Imagine how much more business you could bring in if you worked an extra 10 hours a week, only on business development!
Click Here To Contact Seller
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