Niche Third Party Administrator - $1.4m EBITDA

Listing number: 60201

Location: Ohio

Year established: 1994


Established over 30 years this specialized service provider has accumulated over 130 long-time clients under fixed fee contracts with 100% recurring revenue. Powered by a proprietary custom software system this business is poised to continue to grab additional market share and expand regionally. A trained and loyal senior staff are already in place and the seller is looking to retire. 


Consistent and very healthy profit margins with low overhead and zero collection issues make this a unique opportunity to further grow this proven business model. Average recurring billing around $1,500/month per client with no major customer concentration. This business will sell quickly, call now to request an NDA and learn more about this exciting acquisition opportunity. 


Asking price: $6,750,000

Adjusted net income: $1,418,333

Revenue: $2,369,937

 

Lease information

  • Total rent: $1,250 
  • Sqft:
  • Lease ends: Negotiable

Asset information

  • Inventory:
  • Equipment/Fixtures: TBD

Additional information

  • Employees: 6FT, 5PT
  • Training: TBD
  • Reason for selling: Retirement


Sean Seaman

For more information or to inquire about this business contact Sean Seaman

 

 

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