Business For Sale

Turnkey Est Diagnostic Imaging Company Houston

Houston, TX
Harris County


Asking Price: Annual Revenue:
$1,900,000 $1,163,414

Services: Medical, Dental


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RE: Turnkey Est Diagnostic Imaging Company Houston Broker: Peggy Tate

Quick Facts

Asking Price: $1,900,000
Annual Revenue: $1,163,414
Net Profit: Not Disclosed
Cash Flow: $482,155
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 8
BBN Listing #: 576313260
Broker Reference #: 8045PT

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Business Overview:

This very established diagnostic imaging business has been serving patients for over 20 years in the Houston area. It is a turn-key operation with full time personnel in place. You do not need to be a doctor or licensed medical professional to own this business. There are roughly 230 professionals (doctors and attorneys) who refer patients to the Company and that base can be further developed through marketing efforts. About 35 professionals refer regularly. The Company offers transportation to patients and has an after-hours person on staff in order to provide exceptional service. Approximately 98% of revenues come from personal injury cases with 2% billed through insurance providers, including workers comp. Consequently, cash flow is driven by the payment of Accounts Receivable related to the settlement of legal cases. Accordingly, Accounts Receivable are included in the sale. This company uses an external billing resource but no one at the Company is assigned to regularly pursue collections. As a result, it currently takes 1.5 to 2 years on average to collect and the Company’s collection rate for Receivables is below industry standards and certainly below what an attentive buyer could collect. Literally, the Company is leaving money on the table. This is an ideal business for someone just entering the imaging business or for a seasoned professional looking to add another location and additional referral sources. The seller will work to ensure a full transition. Please refer to CBB Listing #8045PT

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Property Features and Assets:

4,561 square feet facility in office building.

Market Competition and Expansion:

Target and develop more doctor and attorney referral sources. Social media marketing with a web presence.

Reason for Selling:

Career change and semi-retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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