Looking for a buyer.
For over 15 years, this multi-location occupational practice has been providing workers compensation case screening, treating occupational injuries, DOT physicals, drug testing, and pre-placement screening in Elkhart, Indiana. They service businesses and employers in the area. Their team of 19 includes 1 Business Development Manager, 3 Providers (Nurse Practitioners), 3 Billing Reps, 10 Medical Assistants, and 2 X-Ray Techs. The business development manager has brought on 90 new clients since 2020! A buyer would not need to be a doctor or nurse to own and operate this business. The current owner only works 10 hours/week via phone call and lives over 2 hours away from the business. That said, he is still willing to stay on board to train and transition for 2 years after closing to ensure a smooth transaction. There is little to no competition in the area, outside of expensive hospitals. This practice does not have any hospital affiliations. A 3rd location is fully equipped and ready to open as soon as the staff is all trained. With the purchase, a buyer would be getting over $3M in assets, including 2 vehicles, medical equipment, office furnishings, and A/R of $2.7M. As a show of good faith and vested interest in the ongoing success of the company, the owner will carry 10% of the note PLUS hold an equity roll of an additional 10% if desired by the buyer. Boasting a profit margin of 50%, year over year growth, and over $1.5M in cash flow in 2021, the numbers speak for themselves! Priced at $7,190,000, this business is a passive opportunity with exponential growth opportunities requiring minimal additional resources to be expended.

listing type
exclusive representation
Elkhart, IN, USA
proposed price
owner financing
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