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For Sale: Physician Network - Irvine, Orange County

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Current Status: Active     Posting #: 237651     Last Refreshed: 8/29/19     BRE License #: 01853627    
Contact: Houmehr M Panoussi At 661-816-1141  -  Also Email This Contact Below
Price:  $1,699,000     Down:  Call     Adjusted Net:  $500,000+     Revenue:  $2,420,000    
Business Address:  None Given     City:  Irvine     Zip:  None Given    
Attributes:  Training & Support, Relocatable, Partnership Possibility     Cooperation With Brokers?  Call

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  Description About This Posting: Physician Network
For Sale: Online US internship/externship booking site.

Business Type: It can take years for students from across the world to find their ideal U.S. mentors and gain U.S. hands-on experiences. However through its online internship/externship booking site, this business matches students from over 50 countries with highly accomplished U.S. mentors in 30 states, in minutes. Currently optimized for pre-meds, medical students and medical graduates, this business can be expanded to any licensed profession that requires U.S. hands-on experiences, letters of recommendation and mock interview-prep for entry, or graduation. In December 2017, this company was an Entrepreneur finalist based on impact, innovation, growth and leadership.

Description:
In its current form, this business combines its strong online presence with a powerful affiliate network of U.S. licensed physicians, teaching hospitals and career advisors to accelerate U.S. medical residency entry by way of:

1. Online U.S. clinical rotation placement for pre-meds, medical students and medical graduates through a highly optimized internship/externship booking site.

2. U.S. career development, which may include securing letters of recommendation, application and document preparation, mock interviews, and letters of enrollment for immigrants to secure their B1/B2 US visas.

3. Providing innovative clinical rotation management solutions to healthcare institutions.
Company operates out of 2,600 sq. ft. office ($5,000/month rent; 1.5 years remains on lease), and its 100% paperless and cloud-based infrastructure allows for 100% remote management. All physicians are independent contractors, across 30 states and 50 specialties.

This business prides itself in customer service, and is loved by its customers: 4.8/5 star rating on Facebook, and 4.6/5 star rating on Google.

3 Year Average Income (2015 to 2017):
Gross sales: $2,281,286 (2017: $1,953,000)
Adjusted net margins: 20.83% (2017: 23.7%)

Transition & Training: Up to 3 months.

Partnership: Owner is highly motivated to stay on-board as a partner (percentage negotiable and dependent on if the acquiring team has the experience and expertise to grow companies this size to $5+ million, in preparation for introduction and sale to private equity firms), or a consultant after close of escrow.

Please provide NDA and Proof of funds for Strategic Plan
Books and records available upon accepted offer during due diligence period.
Showing only by appointments.

To get more information about this Physician Network business for sale in Irvine, Orange County please phone Houmehr M Panoussi (Agent - BRE License #:01853627) at 661-816-1141 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #237651 on BizBen.com. In addition to phoning Houmehr M Panoussi, make sure you email Houmehr M Panoussi above to get more info about this Physician Network, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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