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  • RE:  Illinois MRI Business For Sale: Price REDUCED
  • Contact:  Ed Barker

Quick Facts

Asking Price: $799,000
Annual Revenue: $590,101
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: 1,200,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 7
BBN Listing #: 950450277
Broker Reference #: 20041-382483

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Business Overview:

The Managing Partner of an Illinois MRI business has become disabled and his partner is seeking a new owner. The business is located in a modern health services building across the campus from a hospital. The 'Upright' MRI allows patients to stand, sit, stoop or lay down during the MRI procedure. This open type MRI allows patients with anxiety to relax during the procedure. The buildout of an Upright MRI office including all equipment, magnets and etc. is estimated to cost $2.5 million. The office space available allows other types of scans to be added to the practice, which can increase profitability immensely.

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Property Features and Assets:

FF&E Overview: MRI equipment, office equipment FF&E General Condition: Good

Market Competition and Expansion:

The Upright capability allowed with this technology removes anxiety for many patients. There is an ongoing study on the effectiveness of the Fonar method to discover amyloid plaque in dementia patients earlier than other methods of scanning. If this technology is proven, a whole new income stream becomes available to the Upright or Fonar approach. The business needs better marketing especially to the personal injury segment. Personal injury reimbursements from insurance companies far exceed the reimbursement from Medicare.

Reason for Selling:

Managing Partner has become disabled.

Additional Details:

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

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