This absentee Software company has grown each year since it's inception in 2016. There are several physical locations both on the east and west coasts of Florida which are staffed with doctors and administrative staff.
The company has built out a very sophisticated EMR system (Electronic medical records) that defines the roles, access levels and ensures that patient records are secure. The staff and Doctors use the EMR as a Patient Management platform for the medical marijuana industry across the state of Florida.
Over 20,000 current customers have downloaded the phone app and are using it to get and maintain their medical marijuana card in Florida. The business is currently run absentee as there is a competent manager in place. A new owner should work to hire more doctors which is the fasted way to grow this business very quickly.
Financial Information
$6,500,000
Asking Price
$1,549,349
Cash Flow
$2,929,765
Gross Revenue
$900,000
Down Payment
Yes
Financing
Business Location
City:
Florida
State:Florida
Financing Comments
For the right buyer and the right offer, the seller is willing to hold a small note.
Reason for Sale
Other Business Interests
Detailed information
Year Established:2016
Home Based:No
Franchise:No
Relocatable:Yes
Lender Prequalified:Yes
SBA Prequalified:Yes
Full-Time Employees: 11
Part-Time Employees:N/A
Contractors:2
Owner Worked Hours/w:N/A
Adjusted EBITDA:
$1,549,349
Inventory Included: No
Monthly Rent:
$6,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
$0
Building Size: 2000
FF&E Included?: Yes
FF&E Value: $974,278
Training/Support
Owner will train for 30 days and also willing to stay on board with a consulting agreement to continue to grow the business.
Facilities
The business operates in four locations around the state and each is approximately 1500-2000 sf in size
Market Outlook/Competition
There are no other technology Company that has an app, EMR and software that are used for patient management in the medical marijuana industry.
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