Business Overview

Medical Clinic that has been in business for over 15+ years that caters to businesses throughout Alabama.
Incorporated in 2001 to provide occupational medicine and employment screening services. We provide services to over 1,000 central Alabama private employers, municipalities and non profit organizations.
Competition is mainly with larger medical facilities.
Multi-Unit locations throughout the state
Doctor’s Office, Waiting room, Multiple patient rooms

Financial

  • Asking Price: $2,500,000
  • Cash Flow: $694,000
  • Gross Revenue: $1,779,263
  • EBITDA: N/A
  • FF&E: $45,000
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 2001

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The company was founded in 2001, making the business 21 years old.
The transaction does include inventory valued at $2,500, which is included in the asking price.

The business has 12 employees and resides in a building with approx. square footage of 5,000 sq ft.
The real estate is leased by the business for $7,700 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell businesses. Nonetheless, the real factor vs the one they tell you may be 2 entirely different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competition, current reduction in earnings, or a variety of various other factors. This is why it is really crucial that you not count completely on a seller's word, however rather, make use of the vendor's response in conjunction with your overall due diligence. This will repaint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that earnings margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in brand-new clients? Many times, businesses have repeat consumers, which create the core of their everyday earnings. Specific factors such as new competitors growing up around the location, roadway building and construction, and personnel turnover can affect repeat consumers and negatively influence future incomes. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the chance to construct a returning consumer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the neighborhood typical family income effect future earnings potential?