Listing ID: 69910
This long-established business has a great track record of serving the local community member with great results in the areas of body and facial rejuvenation, and shaping. This practice has more than 10,000 clients and a great reputation in the area.
This practice enjoys a beautiful and inviting office with discrete consults, highly effective methods, and a total body approach that helps patients benefit from a rejuvenation process that starts on the inside and completely satisfies their desire to look great and feel great.
- Asking Price: $975,000
- Cash Flow: $333,000
- Gross Revenue: $915,000
- EBITDA: N/A
- FF&E: $760,000
- Inventory: $120,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,800
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
BEautiful Office Location and facilities.
The owner will train buyers and support their efforts to help get the business off the ground. The seller is flexible about the transition requirements.
Currently the company outsources the Physician labor. Model needs an M.D.
This population and the income demographic in this area will support many such practices. The practice does not currently accept insurance payments, so the growth potential is astronomical with that minor adjustment. The practice Currently outsources physician labor, and the sellers suggest that a physician owner will be extremely profitable.
This area can accommodate many additional locations. The patient list and the marketing potential are fantastic, simply because the number of satisfied patients who value these services will keep coming back when summonsed.
The company was established in 2012, making the business 10 years old.
The deal does include inventory valued at $120,000, which is included in the listing price.
The company has 7 employees and resides in a building with approx. square footage of 2,800 sq ft.
The real estate is leased by the company for $4,650 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the true factor vs the one they say to you may be 2 entirely different things. For instance, they may say "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a variety of various other factors. This is why it is extremely vital that you not rely entirely on a vendor's word, yet rather, use the seller's response in conjunction with your general due diligence. This will repaint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that earnings margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new clients? Many times, companies have repeat consumers, which form the core of their everyday revenues. Certain elements such as new competition sprouting up around the location, roadway construction, and staff turn over can impact repeat consumers as well as adversely impact future revenues. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the opportunity to build a returning customer base. A last thought is the general area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the neighborhood mean family earnings impact future earnings prospects?