MRI Radiology - Open MRI – Practice w/Contracts, Big Net, w/AR

MRI radiology practice, many years established, serving just cash patient though contracts with insurance companies. No hassle with Workers-comp, Medicare, PPO, any medical billing (although new owner has option to that).

Clinic is located in San Diego, California, in the property of 2,000 Sq.Ft. leased until mid 2026. Lease Is $6,600/month.

Four full time W2 Employees, payroll $14,000 month. 2,000 scans per year guaranteed per contracts with companies dealing with insurances and injury lawyers directly. MRI business is just collecting cash fee for service – without any marketing. Using marketing and billing insurances would increase the business volume.

Equipment worth about $550,000 is in price included. In use so called “open MRI” – friendly for claustrophobic patients.

Business is grossing over $500,000 per year, with very high net margin, net little less then $250,000 per year. AR about 300K included. Accounts receivables are in price included and SDE (Seller’s Discretionary Earnings) shall prove that some not-collected AR are part of net.

Seller is very flexible and ready to carry larger note.

Owner is totally absentee, lot of space for improvement, reason for sale is owner’s need to focus and finance his other businesses.