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Michael D. Weis, JD, CPA Williams, Bax & Saltzman
LaSalle Wacker Building
221 N LaSalle
Suite 3700
Chicago, IL 60601
312.372.3311
Components of an Asset Purchase Agreement confidentiality.
Financial Information:
Asking Price: $475,000
Gross Income: $567,000
Cash Flow: $207,000
Furniture, Fixtures & Equipment: $35,000
Real Estate: Leased
Financing Info: Owner will consider
Business Description:
This document scanning company has been serving healthcare clients since 2001. Since acquiring the business in May 2008, the current owners have reversed a short-term decline in sales. They have relocated to larger, more cost-efficient facilities and improved all operational, administrative and customer service functions. The owners are projecting significant growth in sales for 2011 based upon an existing backlog of projects for new and existing customers.
Competition/Market Pros and Cons:
The industry is highly fragmented. Competition includes firms that primarily service single market sectors and those that have broader industry penetration.
Growth and Expansion Opportunities:
The business provides substantial growth opportunity for an ambitious owner with strong B2B selling skills. The existing healthcare accounts provide a solid foundation for growth. Beyond healthcare, the market for electronic document conversion is growing as firms across all industries are converting paper records into electronic formats. Litigation is also spurring growth in document imaging.
Facilities Included (if any):
5,000 square feet of leased space, including office, operations and warehouse storage with loading dock.
General Information
Year Established: 2000
Employees: 9
Reason for Sale: Owners interested in pursuing other opportunities.
Support/Training: Negotiable