Business for Sale Overview:
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. The MRI machine is a Hitachi Airis open MRI. It is a DICOM with an IES. DICOM allows the images to be sent by internet. IES stands for image enhancement system. 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. In May 2009, the business received the prestigious accreditation by the American College of Radiology. Less than 15% of MRI facilities throughout the US are able to receive this accreditation. More and more insurance companies are wanting facilities to be ACR accredited (http://www.acr.org). 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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business facilities include a reception area, changing room, MRI room, and 1 room that is not being used.
Reason for Selling:
Relocating out of State.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.