Listing ID: 76206
Well-established busy dermatology practice with prestigious locations in San Francisco. This 3-provider practice provides a wide range of medical, surgical and cosmetic dermatology with a specialty in hair transplant services. The practice provides a full spectrum of dermatological services including medical, surgical, and cosmetic dermatology. This is a great opportunity to own your own practice or to pickup a second location.
2020 gross revenue of $1,288,247. But that was during COVID. 2021 is looking good for returning to 2019 revenues of 1,719,614. Buy for only $710K. Financing available.
- Asking Price: $710,000
- Cash Flow: $350,000
- Gross Revenue: $1,300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2002, making the business 20 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nevertheless, the real factor vs the one they say to you may be 2 completely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in revenues, or a range of various other factors. This is why it is extremely crucial that you not depend entirely on a seller's word, yet instead, make use of the seller's answer along with your overall due diligence. This will repaint a more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that earnings margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Most times, operating businesses have repeat consumers, which form the core of their day-to-day profits. Certain factors such as brand-new competitors growing up around the area, roadway building, and staff turnover can impact repeat clients and also adversely affect future profits. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Just how might the local average house earnings influence future revenue potential?