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Ca Benefits And Workers Comp Business For Sale
Location: United States -> California -> Southern California - San Diego Area -> San Diego
Industry: Business Services > Financial




Business Summary

This is a California based company that fills a unique niche – providing customizable and highly-vetted medical provider networks for Group Health and Workers Comp payers. Three partners formed the Company in 2011, and one wishes to retire. The partners are looking to sell part or all of the Company to facilitate the exit of one partner.

The Company has created a highly profitable business with predictable income from a client list of ''essential'' California businesses, including school districts, municipalities, farms, dairies, and the like. This is an excellent acquisition opportunity for any company that is in the benefits or insurance space, human resources, or similar. This business has already received lots of off-market interest, and so we expect this to move quickly!

NDA is required to secure first round of comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities: Current rent is $1975 per month for the 1050 sq ft space.
Many staff currently work from home, and some have remained in the office space in Tracy, California. Current lease extends through January 31, 2021, so the Buyer may choose to keep this office space or move the Business. The current space allows for social distancing and COVID compliance for those staff who continue to work in the office and not from home.

Competition: This Company is unique in the industry and competes against large national players. The Company beats the competition by providing a higher level of customer service, customization of medical provider networks, and competes on price.

Growth & Expansion: The Sellers have grown the business to its current level with a slim ''guerilla'' marketing budget. An ideal Buyer would have a budget for


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $1,800,000
Cash Flow:   $600,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2011
Number of Employees:  10 - 19
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  As needed.
Reason For Selling:  Retirement.




Print Listing Id: 700355989
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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