Listing ID: 80390
This medical practice serves clients by offering outpatient diagnostic imaging services. The practice focuses on women’s imaging and offers a wide range of outpatient diagnostic services including 3D mammography (breast tomosynthesis), digital mammography, bone densitometry, and general and breast ultrasound, cyst aspirations, and ultrasound-guided biopsies. The practice’s mission is to deliver high quality cost-effective care to the community and the patients they serve.
- Asking Price: $1,500,000
- Cash Flow: $241,000
- Gross Revenue: $1,054,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The seller is willing to help with the transition and provide training at no cost for one month. The seller and buyer may enter into a long-term consulting or employment agreement with terms and conditions to be determined later. The seller anticipates that the employee's team will remain with the company as employees for a reasonable salary with terms and conditions to be agreed upon. They will assist with the transition and training making every effort to ensure the practice's future success.
The practice could grow through the addition of biopsy capabilities and an MRI. The practice recently added a 2020 Siemens Mammomat Revelation with 50 degree Wide Angle Tomosynthesis machine that will give the practice the ability to diagnose women with dense breasts.
The venture was started in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the true reason and the one they say to you may be 2 completely different things. For instance, they may say "I have too many other commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of various other factors. This is why it is extremely important that you not depend absolutely on a vendor's word, but rather, utilize the vendor's answer along with your general due diligence. This will paint an extra sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover points like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new customers? Most times, companies have repeat clients, which develop the core of their day-to-day earnings. Particular factors such as brand-new competitors sprouting up around the area, road construction, as well as staff turn over can affect repeat customers and negatively affect future profits. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the better the opportunity to develop a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the regional typical family income impact future revenue prospects?