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This Business has been Sold!
Closing Date: 02/26/2013

Business for Sale Summary

Medical Billing & Coding Software/Supply Website - 22602

Business Type: electronics & technology,service businesses,educational services / schools,health/medical/dental practices,other business services,misc. servicel/non-classifiable,internet businesses,business services (b2b),software,misc. internet/technology/non-classifiable,special situations,best deals!,seller financing available
Sold
Medical Billing & Coding Software/Supply Website
On February 26th 2013, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

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.