Business Overview

Sale of a well-established general ENT otolaryngology and sinus practice established 20+ years ago. The practice is ideally located in the greater Dallas/Fort Worth area with limited competition. $1.5M in annual gross collections in 2019, working four days per week with substantial growth potential.

The payor mix is primarily commercial payors, low Medicare patient base, no Medicaid. The practice received 1,503 new patients in 2020 and 1,805 new patients in 2019.

Dream practice for a dedicated physician or an excellent acquisition for a medical practice group.

The practice is pre-approved for SBA financing. 10% seller financing available, subject to buyer credit approval.

Financial

  • Asking Price: $1,275,000
  • Cash Flow: $613,977
  • Gross Revenue: $1,049,870
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2001

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:3,700
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The spacious 3,700 SF facility features three exam rooms, one operatory CT procedure suite, two private doctor's offices, a manager's office, a staff lounge, and a patient lobby with seating for eight patients. The building is available for sale or lease.

Is Support & Training Included:

Well-trained and dedicated staff to remain in place. The seller is willing to stay to ensure a smooth patient transition.

Purpose For Selling:

Preparing for retirement in the next 1-3 years

Opportunities and Growth:

1) Expand clinic hours; 2) Add additional providers; 3) Implement patient transition strategy for area ENT nearing retirement; 4) Create internet marketing campaign.

Additional Info

The venture was started in 2001, making the business 21 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell companies. Nonetheless, the true reason vs the one they say to you might be 2 completely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in profits, or a range of other reasons. This is why it is very essential that you not rely absolutely on a vendor's word, however rather, utilize the vendor's solution in conjunction with your general due diligence. This will paint a much more practical image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that revenue margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new clients? Many times, companies have repeat consumers, which create the core of their daily profits. Certain variables such as brand-new competition growing up around the area, roadway building and construction, and employee turn over can influence repeat customers and negatively impact future earnings. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the better the possibility to construct a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Just how might the local average family earnings impact future revenue potential?