Listing ID: 70218
Pain is prevalent in our society from accidents and injury either in automobile accidents or at work. There are 2 acute pain clinics for sale in the Upper South that have been in business for over 15 years taking care of painful injuries.
- Asking Price: $1,319,900
- Cash Flow: $478,220
- Gross Revenue: $1,806,635
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Company caters to the acute pain management area resulting from automobile injuries or workers compensation injuries. Clinic is run by full time Chiropractor with part time Medical Doctor on staff.
Longevity in business speaks volumes to the success of these 2 clinics.
Clinics can be added in other areas with the same business plan.
The business was founded in 2005, making the business 17 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the real factor and the one they say to you may be 2 entirely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of other reasons. This is why it is extremely vital that you not rely entirely on a seller's word, yet rather, make use of the vendor's solution along with your total due diligence. This will paint a much more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, and so on. Remember that occasionally this can indicate that profit margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Certain aspects such as brand-new competition growing up around the location, roadway building, and also employee turnover can affect repeat customers and also adversely impact future profits. One essential point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the local median household income effect future revenue prospects?