Listing ID: 79289
One of the top plastic surgery and esthetic centers in South Florida!
The clinic operates in a 14,500 sq feet location and offers comprehensive beauty and wellness services, from consultations and pre-surgical treatment to the surgery itself and post-surgical treatment in a most luxurious buildout.
The clinic specializes in plastic surgery operations ranging from rhinoplasty (nose reconstruction), breast augmentations, to liposuction and more.
In addition, their spa also offers medical aesthetic services such as laser treatments, injectable fillers, and microdermabrasion, as well as nutrition consultations, acupuncture, weight loss and western herbal medicine services. Various massage modalities, facials and hair and beauty services are available as well.
The location encompasses among other facilities three operating rooms, seven consultation rooms, five treatment rooms, and two massage/spa rooms.
The Clinic subleases five spaces to different independent service providers such as a Dentist and an Acupuncturist.
The Clinic also rents its Operating Rooms to other independent Plastic Surgeons. This modality brought over $ 400,000 in additional revene in 2021 and contracts are in place to generate over $ 800,000 in revenue 2022 just for this concept.
With over 11 years of serving local, out of state and an international clientele, and with over 20,000 satisfied customers, the Clinic is ready for a younger generation to take over as the Owner is retiring.
Owner will stay, if desired by Buyer, for several months to guarantee a smooth transition.
- Asking Price: $1,975,000
- Cash Flow: $646,402
- Gross Revenue: $2,376,148
- EBITDA: N/A
- FF&E: $50,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:14,000
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
Seller provides training for 4 weeks with no cost.
The company was founded in 2010, making the business 12 years old.
The company has 16 employees and resides in a building with disclosed square footage of 14,000 sq ft.
The property is leased by the company for $17,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. However, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or an array of various other reasons. This is why it is really crucial that you not count completely on a vendor's word, but rather, utilize the seller's response together with your total due diligence. This will paint a much more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover points like stock, payroll, accounts payable, and so on. Remember that sometimes this can suggest that earnings margins are too tight. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new consumers? Often times, companies have repeat consumers, which create the core of their daily earnings. Certain aspects such as brand-new competitors sprouting up around the location, roadway construction, and staff turnover can affect repeat consumers and negatively influence future profits. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the higher the chance to build a returning client base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the neighborhood typical house earnings impact future revenue prospects?