Medical Transcription Company For Sale

Company was formed in 1988, and acquired by the present owner in 1993. Owner wishes to sell the business to enable him to spend more time managing his other business interests. With locations in Houston and Austin, company operates using a base of about 25 contract transcriptionists and 6 employees. The company has active clients including clinics and hospitals at both locations. Clients are repetitive and financially strong, payment is generally very prompt by check. Receivables are normally low and there is virtually no inventory. The industry is in a major growth mode with offices being in two hotbeds of the medical community in the U.S. There are 3 major hospitals and 4 smaller hospitals within 10 minutes of office with a new hospital being built ¼ mile away. The owner is in the start up phase of another dissimilar business and wants to pursue other options. Based on the year 2003 discretionary cash flow from the business was $148,315. Based on this, the business is offered by the seller at $296,600, including operating assets of about $80,000. This price compares favorably with the price of other similar businesses.

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