Absentee Owned Medical Testing Company
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $235500
Net Profit / Cash Flow $126600
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Reason for Sale Other business interests.
Description Lucrative owner-absentee medical testing business in the NY Metro area. No knowledge or experience in the medical field necessary. This continually growing company provides diagnostic testing services to doctor's offices and facilities across the New York Metro area using independent contractors. The owner, who typically spends 15 hours a month with this business, would like to see the business continue to succeed and is willing to provide extensive training to ease the transition. This business has excellent upside earning potential as the owner has contracted with a management firm that continually solicits new accounts. A new owner can also gain more profitable accounts without using the contracted firm. An owner willing to ''work'' the business by heading out into the field to service clients can cut some of the independent contractor payroll and see cash flow increase to $170,000. This is a unique and relatively easy to operate niche business with very little competition and outstanding growth potential. The owner has very accurate and detailed financial records. Due to the strong growth of his other businesses the owner needs to focus all time and energy on these ventures and therefore must sell. Contact for more information on this Medical Testing company for sale.
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