Medical Billing & Coding Software/Supply Website
New York County, NY

Financing: $300,000.00 Down and $125K over 3 yrs. @ 6%

Reason for Selling:Moving on

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