Business Overview

INCLUDES: $200,000 A/R

If you’re looking for a thriving Pediatric Practice with a stellar community reputation, then look no further! This Practice has been serving patients for over 10+ years, and the current staff is dedicated to children’s health and success. Confidential Information Memorandum (CIM) is available for review under NDA.

Please click on pdf for additional information, including 2018-2021 cash flow and revenues.

Financial

  • Asking Price: $500,000
  • Cash Flow: $230,559
  • Gross Revenue: $1,048,637
  • EBITDA: N/A
  • FF&E: $42,000
  • Inventory: $44,778
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,942
  • Lot Size:N/A
  • Total Number of Employees:17
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Custom Built, 12 Exam Rooms, Easy Access, Lactation Suite, Separate Well & Sick Entrances

Is Support & Training Included:

Seller to provide 3 weeks up to 30 hours per week. Future Employment with new owner desired until future full retirement as current Owner wishes to practice medicine … instead of splitting time and energy with running the business.

Purpose For Selling:

Practice Medicine/Not Business

Additional Info

The venture was established in 2007, making the business 15 years old.
The transaction shall include inventory valued at $44,778, which is included in the listing price.

The business has 17 employees and is situated in a building with estimated square footage of 4,942 sq ft.
The real estate is leased by the company for $10,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell operating businesses. However, the genuine reason and the one they tell you might be 2 completely different things. For instance, they may say "I have a lot of other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competition, recent reduction in revenues, or a variety of other factors. This is why it is very crucial that you not count absolutely on a seller's word, but rather, use the vendor's response combined with your overall due diligence. This will paint a much more practical picture of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that profit margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be met 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? Most times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific aspects such as brand-new competitors sprouting up around the area, road construction, and also employee turnover can impact repeat consumers and negatively impact future incomes. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the possibility to construct a returning customer base. A final thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood median house earnings effect future income potential?