Listing ID: 77516

Business Overview

This business is the result of decades of research by a foremost authority on hormone therapy. The current owner earned his MD over 40 years ago and has dedicated his career to finding solutions to the cause of medical problems rather than on writing a prescription to address the symptom of the problem.
Products have been developed to be used for customers with conditions like anger, road rage, restless leg syndrome, teeth grinding (Bruxism), depression, anxiety, fibromyalgia, irritable bowel syndrome (IBS), brain fog, PTSD, autism, bed-wetting, leg cramps, TMJ, headaches, ADHD, interstitial cystitis, PMDD, occipital neuritis, plus many others.
Online sales of items he suggests in his books and podcasts form the basis of his monthly sales of $40 – $90K.
This business has very few skus to manage and is fulfilled by a part time contractor. Most functions can be outsourced leaving a less than full time management role.
The doctor would make himself available to a new owner to use his books, participate in podcasts and other advertising to help drive continued sales. He would consider remaining a minority partner in the business.
This business can be easily relocated.
SDE over $300K 2021 through July.
Medical Office in Business Park. Most buyers would probably relocate to a smaller location.

Financial

  • Asking Price: $1,500,000
  • Cash Flow: $369,825
  • Gross Revenue: $842,432
  • EBITDA: N/A
  • FF&E: $2,000
  • Inventory: $25,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,100
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

52 weeks

Purpose For Selling:

retirement

Additional Info

The business was started in 2010, making the business 12 years old.
The deal will include inventory valued at $25,000, which is included in the listing price.

The business has 2 employees and is situated in a building with approx. square footage of 1,100 sq ft.
The property is leased by the company for $1,440 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 totally different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of other factors. This is why it is very essential that you not rely entirely on a seller's word, yet instead, make use of the vendor's response together with your overall due diligence. This will paint a more reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be met or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Particular variables such as new competition sprouting up around the area, road building, as well as employee turn over can impact repeat consumers as well as negatively impact future earnings. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the better the chance to develop a returning client base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the regional mean household earnings influence future earnings prospects?