Business Overview

Priced below market for quick sale due to owner’s desired retirement.

With over 42 years of providing personalized care to the 85,000 residents in this community of about in East Texas, this independent practice is well equipped to meet the unique healthcare needs of a wide range of patients. 2021 Gross revenues were $440,000 working 4 days per week. There are approximately 3,500 active patients. Because of this practice’s efficiency and patient care, it is a very viable candidate for inclusion into a local area Accountable Care Organizations, further enhancing profitability.

This practice is custom made for adding ancillary services, such as skin and other procedures, CLIA waived lab, as well as the addition of a mid-level provider.

Prime location adjacent to the regional medical center and access to a wide variety of specialists and ancillary services.

This practice is aggressively priced for a quick sale, as the owner desire to retire in this year, but is willing to provide at least a three-month transition period, working as needed.

Financial

  • Asking Price: $185,000
  • Cash Flow: $183,997
  • Gross Revenue: $408,069
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1998

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,604
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located with a medical office tower, this medical suite is approximately 1,600 SF and includes three well-equipped exam rooms and a procedure/urgent care room. In addition to a well-appointed waiting room/lobby, this well laid out clinic has room for expansion into ancillary services.

Is Support & Training Included:

Seller is flexible and willing to provide at least a three-month transition period, working as needed.

Purpose For Selling:

Owner desires to retire and remain in area.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was started in 1998, making the business 24 years old.

The business has 2 employees and resides in a building with disclosed square footage of 1,604 sq ft.
The building is leased by the company for $2,611 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 completely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a range of other factors. This is why it is very essential that you not rely totally on a seller's word, yet instead, utilize the seller's answer in conjunction with your overall due diligence. This will paint a more realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too small. Many organisations come under 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 equipment or the structure where the business resides. The business might have existing contracts with vendors that should be met or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new customers? Most times, businesses have repeat consumers, which develop the core of their day-to-day earnings. Certain elements such as new competition sprouting up around the location, road construction, and also employee turn over can influence repeat consumers as well as adversely influence future profits. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the opportunity to construct a returning client base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the local mean household income influence future income potential?