Medical Marketing and Digital Media Business
Asking Price: $3,950,000
This business helps medical practitioners grow their clinics through a range of marketing and web services. It provides essential digital marketing and brand building, alleviating the need for its clients to hire an in-house marketing team. Offering a full system approach with services that focus on the medical niche, the company provides services including digital marketing ads management, website building, maintenance, hosting, content writing, sales funnel development, and staff consulting/training. The sale includes its trademarked brand innovative client retention and relationship management software which provides tracking and automation tools for its clients.
The business is operated by one owner working about 10-12 hours per week. There are 5 employees and 4 contractors who handle much of the service offerings. The staff all work remotely and are willing to continue on with a new owner.
The business generates predominantly recurring revenues and has experienced YOY growth! For 2019, the company generated about $3 million in annual revenues and a net profit (before taxes) of over $1.3 million (CAD). The company continues to perform strongly in 2020 with sales and profits up significantly in Jan 2020 over Jan 2019. In the Trailing 12 Months, the company has experienced an average revenue amount of $272,489 and profit of $118,570 (CAD) per month.
Key Benefits Include:
- YOY Growth
- 80% Recurring Revenues
- Great Margins
- Proprietary Software
- Sales Funnel
- Established Systems
- 100% B2B
- Growing Industry
TTM Gross Rev 3,269,864 CAD Equiv
TTM Net Income 1,422,836 CAD Equiv
TTM Gross Rev $2,471,690 USD
TTM Cash Flow $1,075,522 USD
*Converted from CAD to USD at the exchange rate of .7559 on 1/31/20. USD equivalent at time of sale will vary based on exchange rates.
|Industry||Marketing and Advertising|
|Location||Canada, British Columbia|
|Home Based Business||No|
|Seller Finanacing Available||No|
This business is a simple model and can be turned up or down as needed, offering plenty of opportunity for the right operator. Building on its solid performance, this business is positioned for a new owner to scale by attending more trade shows, adding new partnerships and focusing more on Search Optimization.
Competitors in the field are more cookie-cutter, volume-based businesses. This business is more custom, while still being systematic in its delivery of services. This allows the company to use the modeling of a cookie-cutter approach but be customized.