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Medical Education Agency

Greater Toronto Area West, Ontario, Canada
Listing ID: 387
Asking Price: $2,450,000
Industry: Educational Services Has Business Plan : Yes
Year Established: 2005 Gross Revenue : Upon Request
Net Revenue : 1014000.00 Inventory: Not applicable
Real Estate : Not applicable FF&E: 45000.00*
Franchise : No Home Based : No
Relocatable : No    
A * after the value denotes that it is included in the sale price

With low overhead, a small, talented staff and a reliable group of capable outside resources, this business has been consistently profitable.

The business creates and develops unique and industry-approved professional medical education programs using traditional delivery methods and state-of-the-art digital and online-based programs. These services are required to keep medical professionals informed about new developments in techniques, treatments and medications related to specific medical issues. This essential education is required for professional compliance reasons and to maintain standards of care. The work is project-based, with key clients in pharmaceutical and medical organizations providing steady work each year. The buyer requires good business skills and comfort working with corporate clients. As there are staff and ample resources for specific subject matter expertise, the buyer should have the aptitude and interest to learn more about the field but does not need expertise in this area. A comfort with overseeing project-based work would be advantageous. The seller will provide excellent training and an orderly transition and will remain on staff part time up to a year. Recent investments have been made by the seller in developing new technology to deliver medical content which has created revenue growth opportunities for the future. These development costs have been greatly reduced by taking full advantage of research and development tax credits. This is an excellent opportunity to grow an unusually profitable business that requires relatively little working capital and almost no capital investment to grow.

Employees

8 Full Time; 5 PartTime

Reason for Selling

Retirement

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