Listing ID: 74897
The founding physician created an integrative center in 1985 with a vision for healthy healing. Despite no direct marketing and accepting only four insurance companies, this wellness center has grown and thrived from word of mouth. More and more patients seek out an alternative to the large physician/hospital conglomerate model.
This family medicine practice treats newborns to geriatric patients in a polite, positive, professional, and soothing environment. Patients needing guidance with any aspect of their health or medical problems, including hypertension, diabetes, diet, weight gain, thyroid dysfunction, acute infections, or chronic conditions, are treated by this integrative center. Preventative programs such as hormone replacement and anti-aging programs are offered. Optimal health maintenance, including employment exams, sports exams, annual physicals, and biometric screenings, seek care from the practice.
This integrative center specializes in prescribing natural treatment programs for patients who desire to reduce or eliminate chronic medications such as blood pressure, cholesterol, or anti-depressant medications.
The founder is the only plant-based physician in Metropolitan Phoenix and is highly sought after for nutrition guidance. All patients are encouraged to adopt healthy lifestyles to reduce illnesses and prevent disease.
- Asking Price: $465,000
- Cash Flow: $258,718
- Gross Revenue: $560,718
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1985
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,803
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Approximately 2,803 sq. ft. of medical office space in a “green building” constructed in 2012 located near HonorHealth Deer Valley Medical Center. The design and construction objective of the Wellness Center was to create a healthy and healing atmosphere while maximizing energy efficiency and minimizing toxic chemical exposure. The facility includes a physician office with private rest room, three exam rooms, large procedure suite, nurses station, thermography suite, staff lounge, two private waiting rooms, three restrooms and laundry room. The building is offered for sale at $820,000 and will be sold with the practice as a package.
The owner is willing to remain on staff working 1+ additional years. Compensation and employment terms to be mutually agreed upon.
The current owner has no clear successor to the current owner-medical director w
This is the leading practice in Lifestyle Medicine in Metropolitan Phoenix and draws patients from the entire State. The founding physician has been a plant-based physician for over a decade.
According to the American College of Lifestyle Medicine, at least 80% of health care spending in the United States is tied to treating chronic disease such as heart disease, stroke, type 2 diabetes, obesity, osteoporosis and several cancers, all of which may be rooted in poor lifestyle choices. The key is to treat the underlying cause of disease rather than just symptoms. 1) Expand accepted insurance. Patients are turned away on a daily basis due to limited insurance panel; 2) Currently no practice marketing or social media presence exists; 3) better utilization of space to accommodate additional providers (PCP, Naturopath, Acupuncturist, hypnotherapist, counselor or thermography); 4) Expand hours evening hours between 5-7 pm; 5) Renegotiate insurance contracts for better reimbursement; 6) Add ancillary services (IV therapy, laboratory, neurotherapy, allergy); 7) Offer telemedicine appointments for HRT patients.
The venture was founded in 1985, making the business 37 years old.
The company has 2 employees and is situated in a building with estimated square footage of 2,803 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. Nonetheless, the genuine factor and the one they tell you might be 2 totally different things. For instance, they might state "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of other factors. This is why it is extremely essential that you not depend totally on a seller's word, however rather, utilize the vendor's response combined with your total due diligence. This will repaint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that revenue margins are too thin. Many businesses 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 consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Specific aspects such as brand-new competitors sprouting up around the area, roadway building, and personnel turnover can influence repeat clients and negatively affect future revenues. One crucial point to think about 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 people that see the business regularly, the better the opportunity to construct a returning consumer base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the local mean family earnings influence future revenue prospects?