Veterans Benefits Assistance Business

Business Description

For sale is a three-year-old fully remote veterans’ benefits medical consulting company that helps disabled veterans who are seeking newly claimed benefits and those that are seeking to challenge wrongfully denied benefit claims by providing medical evidence. It was founded and is owned by two combat veterans who work with a team of independent medical opinion experts, many of whom are also veterans and/or prior VA medical examiners.

The business has been growing at breakneck speed, and they have the infrastructure in place to double or triple the number of cases they take on with their current staff. With a database of more than 6,000 clients, there’s also opportunity to re-engage those customers for repeat business as the VA can re-evaluate a veteran’s benefits as often as they want to until the veteran turns 55 or has been deemed to be 100% disabled, and even these can be overturned in some instances.

The company has a foothold in a niche industry and shows consistent 50-60% margins, despite having virtually no marketing aside from the owner’s social media platforms. They also have strong relationships within the legal community and attorneys represent up to 10% of their clientele monthly. There was a dip in revenue from 2020 to 2021 due to the company refining its internal processes and expanding the demographics of its client base (i.e. from from one source of referrals to multiple). Revenue has already rebounded in 2022 and by the end of the year will be close to (if not over) around $1M in SDE.

The owners are open to either exiting the business or staying on to help a buyer grow and scale the operations.

Financial Overview

Asking Price: $4,000,000

Revenue: $1,584,237

Income: $903,108

Multiple: 4.4x

The listing is either pending or closed so the NDA cannot be signed