Helen's 2 Cents
This company helps healthcare facilities that do not have the resources to do cardiac testing themselves provide this testing in mobile vans parked outside. They have an awesome recurring revenue model as they operate on long-term contracts that renew automatically every year. They have also been growing like crazy, even getting featured on the INC 500 list of Fastest Growing Companies in America four years consecutively. Another real positive is the more than $750K in FF&E included in the sale, while their real estate is available separately for $700K (and since there’s no broker involved, there could be room to negotiate). I’d need to understand how many facilities they currently have contracts with, what percent of these contracts renew annually, how they win new clients, the level of competition they face, the roles and responsibilities of their staff, and any regulatory requirements for operating the business I’d also want to check on the condition of the FF&E and if there are any upcoming capital expenditures for equipment replacement or upgrade. What’s nice is the seller specifically notes that no prior experience with nuclear tech is needed as they are fully staffed and managed, so this could be a great opportunity for someone with a sales background who wants to focus on landing contracts with more clinics.