Turnkey Established Diagnostic Imaging Company in Houston

Houston, TX (Harris County)

Turnkey Established Diagnostic Imaging Company in Houston
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Asking Price: Get Financing: $1,195,000

Cash Flow: N/A

Gross Revenue: $1,163,414

EBITDA: $482,155

FF&E: $150,000

Inventory: N/A

Established: 1993

Turnkey Established Diagnostic Imaging Company in Houston

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Business Description

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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Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
4561sf facility in office bldg
Growth & Expansion:
Target and develop more doctor and attorney referral sources. Social media marketing with a web presence.
Support & Training:
Seller will train
Reason for Selling:
Career change and semi-retirement
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(from currently available funds)
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Frank & Rose Stabler

Business Listed By:
Rose Stabler

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