Business Overview

This practice specializes in the diagnosis and treatment of arthritis and other diseases of the joints, muscles, and bones. The practice is one of the most experienced and comprehensive Rheumatology practices in Texas

Services include consultations, medical treatment of more than 100 varieties of rheumatological diseases, infusion suite, and a full range of in-house diagnostic services critical to rheumatology needs All clinical services are performed in-house under strict accreditation ensuring the highest quality care.

This is one of the few private rheumatology practices with its own high complexity COLA accredited laboratory.

Financial

  • Asking Price: $1,100,000
  • Cash Flow: $469,869
  • Gross Revenue: $2,355,379
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1992

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Approximately 5,000 sq. ft. of medical office space in a single-story office building with an abundance of walk-up parking. The spacious facility features five exam rooms, IV infusion suite, laboratory & draw station, X-Ray room, DEXA room, business office, physician office, staff lounge, three restrooms, nurses station, patient waiting room, storage room, and utility room.

Is Support & Training Included:

Transition assistance will be provided to a new buyer to ensure a smooth business transfer.

Purpose For Selling:

Preparing for retirement in the near future.

Opportunities and Growth:

Add additional providers, implement a marketing plan, obtain local hospital privileges, expand clinic hours.

Additional Info

The venture was established in 1992, making the business 30 years old.

The company has 9 employees and is situated in a building with estimated square footage of 5,000 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. However, the real reason and the one they say to you may be 2 totally different things. As an example, they might say "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or a variety of various other factors. This is why it is extremely vital that you not count totally on a vendor's word, but instead, make use of the seller's answer together with your overall due diligence. This will paint a more practical image of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be met or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract new consumers? Many times, companies have repeat consumers, which develop the core of their daily revenues. Certain aspects such as brand-new competition growing up around the location, road construction, as well as staff turn over can affect repeat customers and negatively impact future profits. One essential thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Just how might the regional average household income impact future earnings prospects?