Listing ID: 76210
Well-established, all cash, hair transplant in prestigious location in San Francisco. Fantastic reputation. Seller is retiring, but is willing to assist new owner in transition period. Treatments range from topical solutions and oral medication, to advanced surgical placement of hairs using a state-of-the-art RTAS Robotic Hair Transplant System. Owner doctor works an easy schedule and takes as much as four month’s vacation each year. 2020 gross revenue of $600,000. But that was during COVID. 2021 is looking good for returning to 2019 revenues of $787K.
This is a great opportunity to own your own practice or to pickup a second location. Offered at $325K.
- Asking Price: $325,000
- Cash Flow: $300,000
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Seller willing to stay on after transition to assist.
Fantastic reputation. Prestigious location.
The company was started in 2000, making the business 22 years old.
The company has 4 employees and is located in a building with disclosed square footage of 2,500 sq ft.
The property is leased by the business for $11,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 totally different things. For instance, they might state "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent reduction in incomes, or a range of various other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, but instead, make use of the seller's solution combined with your general due diligence. This will paint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have 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 draw in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their daily earnings. Specific factors such as brand-new competitors growing up around the location, road construction, and personnel turn over can influence repeat clients and also adversely affect future profits. One essential thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the better the possibility to develop a returning customer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood average home earnings impact future income potential?