Under LOI
Robust Patient Management Software Platform
| Listing No: BBF-966-52044 | |
Public Pictures:  |
| Category | : | Medical Related Biz | SIC | : | 7371 | |
| Detail | : | Medical Software | Price | : | 6,500,000 | |
| County | : | Collier | Down | : | 6,500,000 | |
| State/Prov | : | Florida | Disc Earn | : | 1,676,730 | |
| Country | : | USA | Sales | : | 2,956,318 |
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This absentee Software company has grown each year since it's inception in 2016. There are several physical locations both on the east and west coasts of Florida which are staffed with doctors and administrative staff. The company has built out a very sophisticated EMR system (Electronic medical records) that defines the roles, access levels and ensures that patient records are secure. The staff and Doctors use the EMR as a Patient Management platform for the medical marijuana industry across the state of Florida. Over 20,000 current customers have downloaded the phone app and are using it to get and maintain their medical marijuana card in Florida. The business is currently run absentee as there is a competent manager in place. A new owner should work to hire more doctors which is the fastest way to grow this business very quickly.
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| Reason for Sale | : | Other Business Interests |
| General Location | : | Florida |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 0 |
| : | Years Established: 6 Years Owned: 6 Emp FT: 11 Emp PT: 0 Mgrs: 1 | |
| Non Compete | : | Miles: 500 Years: 5 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | Monday-Friday 9:00 - 5:00 |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: Y Is Home Based: N Is a Franchise: N Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | Annualized | Tax Return | Tax Return | |
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | |
| Gross Revenue | 2,956,318 | 2,724,661 | 2,082,355 | |
| Cost of Goods | 0 | 0 | 0 | |
| Gross Profit | 2,956,318 | 2,724,661 | 2,082,355 | |
| Expenses | 1,473,164 | 1,851,419 | 1,644,322 | |
| Net | 1,483,154 | 873,242 | 438,033 | |
| Owner Salary | 36,400 | 36,400 | 36,400 | |
| Benefits | 0 | 567 | 0 | |
| Interest Expense | 0 | 2,150 | 3,327 | |
| Depreciation | 0 | 178,353 | 342,016 | |
| Other | 157,176 | 131,321 | 142,292 | |
| Discretionary Earnings | 1,676,730 | 1,222,033 | 962,068 |
| Accounts Rec | 0 | N* | Monthly Rent | $5,000 | 4 Locations combined |
| Inventory | 0 | N* | Square Footage | 3200 | SF |
| F F & E | 1,180,000 | Y* | Total Assets | 1,180,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| BROKER | Fax | : | ||
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Joe Alter
Background information
Reference:
52044
Finance
Sales:
$2,929,765
Profits:
$1,549,349
Profit type:
EBITDA
Price and terms
Price:
$6,500,000
Down payment:
$900,000