Health & Human Services Software Company In New Jersey For Sale

Business description

This is a great opportunity to own a well established software service business in the lucrative healthcare industry. This company provides client data management and EHR solutions primarily to nonprofit behavioral healthcare and social services providers but is well suited for any business providing human services to groups, families or individuals.
The customizable software allows their clients to efficiently manage their various services, bill patients, provide management reports and track their consumer data. The software is made available either on-premise or as a hosted solution. After implementation the company provides classroom and webinar training and on-going helpdesk and telephone support. Revenue is generated from implementation and monthly licensing fees. Established in the business for 20 years their exceptional service has created a very loyal account base with many of them with the company since inception. In a difficult economic climate, they have had revenue growth in 2011 and are expecting additional growth as their client base upgrades to the new certified software. This business can be easily moved to any location due to its internet operating model. Cash flow is calculated without rent expense which will vary based on new location. The business is offered at $600,000 with a down payment of $300,000 and the seller will finance the $300,000 balance for qualified buyers. The owner is retiring but will provide support for an extended period of time to insure a smooth transition.
Separately, the owner is selling the office building for $390,000 with terms negotiable. The 2500 sq ft first floor includes a loft and can be used for retail or office space. Additionally, there is a full basement for storage.

Property information

Location:

Business located in mixed use building. Occupying 1200sq.ft on the main floor. Business can be moved to any location

Other information

Expansion potential:

Revenue growth potential with the addition of outside sales

Competition / Market:

Mid size business with an expanding market

Support & training:

Owner willing to stay for an extended period of time to insure a smooth transition

Reasons for selling:

Owner retiring

Trading hours:

Office hours Mon-Fri 9am-5pm, Help desk 7am-7pm

Financing available:

Seller financing for qualified buyers. Terms negotiable

Furniture / Fixtures value:

$5,000 (included in the asking price)