Established Turnkey Ultrasound Business

Greenville, SC
Greenville County


Asking Price: Annual Revenue:
$326,795 $394,627

Services: Medical, Dental


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RE: Established Turnkey Ultrasound Business Broker: Joshua Hermoso
Owner Financing is Available!
$126,795.00

Quick Facts

Asking Price: $326,795
Annual Revenue: $394,627
Net Profit: Not Disclosed
Cash Flow: $7,293
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 996451471
Broker Reference #: 52661-557944

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Business Overview:

This Imaging Center is a full-service ultrasound facility serving patients from age five through adulthood in Greenville, South Carolina. Staffed by an unparalleled team of board-certified medical professionals, the practice has earned a reputation of excellence in regard to diagnostic services.

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Property Features and Assets:

The company was founded in 2010 by a husband and wife team. She was an accomplished echocardiogram sonographer who brought in new accounts and performed the ultrasounds. And, he handled all of the client relations and back office administrative work. Initially, the business provided on-site imaging services at independent medical practices on a contract basis wherein the client was the medical practice, not the patient. As time progressed, they grew and added their first additional sonographer to handle general, vascular, and OB/GYN ultrasounds. The idea was to keep providing on-site services at independent medical practices, as well as offer general, vascular, and OB/GYN ultrasounds at the offices at the patient’s convenience rather than at their doctor’s office on a fixed schedule. This move not only addressed the patients’ desire for flexible appointment scheduling but it offered a new and different type of income stream through additional volume depending on how the patient wanted to pay for services, i.e. health insurance or self-pay. On a contract basis, they could only bill the medical practice on a fixed contract basis by the type of ultrasound or by leasing the sonographer/ultrasound machine for a fixed price per hour. Both of these scenarios had minimum guaranteed charges associated with the type of service offered. With in-office patients, reimbursement rates could be negotiated with individual insurance companies. Self-pay rates could be established that were attractive to the patient but substantially less that what hospitals or hospital-owned imaging facilities would charge. In 2014, the wife went to another state to participate in a medical research study using echocardiogram ultrasounds. In 2015, the wife was offered a permanent position with the hospital where she had been involved in the research study. The offer was too good to pass up and the husband and their children moved out of state to be with her. In late to mid-2015, they decided to sell the businesses to the current owner. The sale was finalized in February 2016. At the time of the sale, the businesses employed 4 full-time sonographers and offered on-site imaging, in-house ultrasound appointments, had at least one commercial employer as a client, participated in medical research studies (another lucrative revenue stream), plus servicing the ultrasound needs for patients of most of the midwives in the Upstate of South Carolina.

Reason for Selling:

Retiring

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.

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