Medical Billing & Coding Software/Supply Website - 22602 Business Type: electronics & technology,educational services / schools,health/medical/dental practices,other business services,misc. service/non-classifiable,internet businesses,internet business services (b2b),software,misc. internet/technology/non-classifiable,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $425,000 | Down Payment | $300,000 |
| Gross Revenues | $0 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $0 | Number of FT Employees | Register Free to View |
Financing
$300,000 Down and $125K over 3 yrs. @ 6%
Business Description
Medical Coding and Billing Supply Website. Established in 2002, this e-commerce company has shown 30% growth since 2010 with an impressive 280% growth in the sales of their own proprietary software product. The company has succeeded in the economic downturn while many others have failed. They have emerged as one of the top medical coding supplies stores. In the past 12 months they have grossed $632,539.00 with a Cash Flow of $192,797.00. This company's listings are always well positioned in the search engines. The owner has run the business from NYC for years, but it can be operated from anywhere in the world. Currently housed in 500 sq ft office space, the operations could be moved into a home office. The stock takes up one medium room. While fulfillment is currently in-house, drop shipping from the vendors is available as would be third party fulfillment. The company has a VOIP phone system that employees could use at home. All marketing has been through Internet and electronic means. They have never visited a trade show nor conducted more traditional direct mail or direct sales. Savvy marketers and dedicated sales could take this operation into expansive new territories. There is an expanding educational niche for their software product. A massive change in coding is coming in 2013, which affects every provider in the US. This company will be perfectly positioned to capitalize on it. This ICD-10 change should bring an estimated 300-400% short term revenue increase and convert customers from printed books to their proprietary software. We are looking for a serious and financially qualified buyer that has sales and marketing experience. BE PREPARED TO PROVIDE PROOF OF FUNDS FOR AT LEAST $340K IN LIQUID CAPITAL TO COVER THE DOWN PAYMENT AND INVENTORY. To learn more call or email Mel Vaz at 631-909-1095 or mvaz@vestedbb.com
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
Featured Listing Listing 36159
Featured Listing Listing 36561
- Asking Price
$350,000 - Cash Flow
$0 - Down Payment
$350,000
- Asking Price: $295,000
- Cash Flow: $117,000
- Down Payment: $195,000
- Asking Price: $140,000
- Cash Flow: $95,000
- Down Payment: $70,000
New Listing
- Asking Price: $500,000
- Cash Flow: $150,000
- Down Payment: $500,000
- Asking Price: $325,000
- Cash Flow: $146,588
- Down Payment: $325,000
- Asking Price: $295,000
- Cash Flow: $104,000
- Down Payment: $150,000
- Asking Price: $1,250,000
- Cash Flow: $250,000
- Down Payment: $1,250,000
- Asking Price: $450,000
- Cash Flow: $120,000
- Down Payment: $150,000
- Asking Price: $200,000
- Cash Flow: $30,000
- Down Payment: $200,000
- Asking Price: $120,000
- Cash Flow: $158,840
- Down Payment: $60,000
- Asking Price: $265,000
- Cash Flow: $96,400
- Down Payment: $140,000
- Asking Price: $155,000
- Cash Flow: $100,000
- Down Payment: $155,000
- Asking Price: $599,000
- Cash Flow: $300,000
- Down Payment: $599,000
- Absentee business
- Accounting/payroll/tax
- Adult homecare assisted living
- Advertising/ printing
- Agents/brokers
- Amusement parks/arcades/recreation
- Apparel and accessory store
- Art galleries
- Art/mirror/framing retail
- Assets only sale
- Auto body/collision repair
- Auto repair
- Auto/truck mechanical repair
- Automotive dealers/ auto retail
- Aviation
- Bagel stores