This business entails providing billing and payment services to contracted providers working with developmentally disabled adults. The annual gross for the business is 6.5 M, with annual net over 300K. The business employs six staff members plus contracted IT and finance professionals and the business is highly digital with all records and documentation maintained on a relational database. The business rents a small office but it can function completely digitally with all staff members working at home. It was forced to do this during Covid. The nature of this particular business is that it is turnkey: someone outside the industry could buy and operate it without too much of a learning gap, or it would make a great investment paying out 15% to 20% out annually. This business if for sale for 2 M.
- Asking Price:
- $2,000,000 Furniture / Fixtures included
- Sales Revenue:
- $6,500,000
- Cash Flow:
- $100K - $250K
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$1664.00 per month per annum
- Location:
-
Office space is rented in one of the nicest business areas in Albuquerque./
- Premises Details:
-
Small office space - staff members alternate between working at the office some days and some days working at home.
- Planning Consent:
-
We lease a small offices suite that accommodates our six employees and our contracted IT professional; however office working days are staggered so that all will not be in office at the same time. If staff members are not working at the office they are working at home.
Business Operation
- Expansion Potential:
-
Several hundred new potential clients come onto the program every year. We have over 180 clients now and our numbers continue to grow steadily.
- Competition / Market:
-
There are several competing agencies Albuquerque: however, our business has really grown the last few years and we highly competitive within our industry.
- Reasons for selling:
-
The business is going well and largely runs itself; the owner maintains control and involvement but does not live in the same state as the business. Owner just turned 76 and has decided it is time let it go.
- Trading hours:
-
The business is open 9am to 5pm five days per week; however, we often accept calls from our providers or the individuals they serve, after hours, when there is need.
- Employees:
- six employees; contract IT
- Years established:
- 2004
Other Information
- Support & training:
-
We have several staff members who have been with us over 10 years; our contracted finance professional has been with us over 10 years. When new staff are hired we have plenty of experienced staff, including our manager, to train them. Our financial professional has his office in the same building two floors down.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
There is the possibility of a small business loan; the owner would consider the possibility of a significant down payment, with monthly payments over a set period of time, and an agreed-upon interest rate.
- Furniture / Fixtures value:
- $5,000 - included in the asking price
- Inventory / Stock value:
- $5,000
- Home based:
- This business can be run from home.
