Listing ID: 72804
Practice focuses on assisting individuals with weight loss and health related goals through therapy and medication. Practice is low stress and easily managed. Patients are motivated and great to work with. Must be a licensed Psychiatrist in the state of Oregon. Owner is willing to work through the transition of client base.
- Asking Price: $450,000
- Cash Flow: $313,500
- Gross Revenue: $468,000
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $250
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Warm home like office environment, however the practice has moved to more of a virtual mode which is working very well.
2 weeks at 0 cost
Owner is retiring.
There is high demand for this type of service. Word of mouth and the website drive the business at this point in time.
By bringing in other professionals the practice could certainly grow.
The company was started in 2009, making the business 13 years old.
The transaction shall include inventory valued at $250, which is included in the suggested price.
The company has 1 employees and is situated in a building with estimated square footage of 2,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the true factor and the one they tell you might be 2 absolutely different things. For instance, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be justifications to try to hide the reality of transforming 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 absolutely on a seller's word, but rather, make use of the vendor's solution in conjunction with your total due diligence. This will repaint a much more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover things such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that earnings margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new clients? Often times, companies have repeat clients, which develop the core of their day-to-day revenues. Certain aspects such as brand-new competitors growing up around the location, road building and construction, as well as staff turn over can impact repeat customers as well as negatively affect future incomes. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood average household income influence future revenue potential?