Business Description
For sale is a 20-year-old single-physician traveling medical practice providing specialized screenings and consultations to inmates in two states. The business has two major contracts: one with State 1 (auto-renews with no expiration), and one just signed with State 2. For State 1 on average, the medical procedures (endoscopies/colonoscopies) are $2,000 per case and consultations are 135% of medicare per case ($242.85 per case for State 1, maybe 1 per month). Each location is visited monthly or bi-monthly in State 1. The addition of State 2 is expected to add 125-150 cases per month and will necessitate another physician hire. The seller is beginning the hiring process now. Physicians are paid $250-300 per case.
The seller is open to keeping some minority equity and will continue servicing the cases at $300 per case. He is looking to sell the business in order to pay off debt from a different business that he recently shut down. The owner has built and sold a similar endoscopy business years ago in California, so this would be his second exit.
| 2021 | 2022 | 2023 | 2024 Est | 2025 Est | |
| Revenue | $934,858 | $883,167 | $1,233,075 | $1,900,000 | $4,400,000 |
| Earnings | $496,660 | $347,210 | $565,685 | $1,194,000 | $2,476,500 |