Listing ID: 74903
Exceptional solo concierge family medicine & wellness practice founded in 2003 located in the sought-after city of Scottsdale, AZ, with an average gross revenue of over $540,000, only working 3 1/2 days or 28 hours in office. Great practice location in an affluent area. Services include: Individualized preventive medicine, acute/urgent care, chronic care management, advanced testing and monitoring of heart and lung disease, stroke prevention, pre-diabetes and diabetes screening, esophageal and colon cancer screening, heart attack and stroke prevention, women’s preventive health care, men’s preventive health care, advanced micronutrient lab analysis, nutritional and weight loss counseling and smoking cessation.
This turn-key practice includes all office furniture, medical equipment, and supplies.
- Asking Price: $660,000
- Cash Flow: $21,408
- Gross Revenue: $539,524
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2003
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This practice operates in a single tenant 1,400 SF single level office building with walk-up parking and is situated in a condo office park.The office space has a waiting room, 3 examination rooms, 2 clinician offices, patient restroom, and private doctor's bathroom and shower, lab nook, business office, and kitchen. Real estate valued at $345,000.
The seller is willing to assist the buyer with the transition for approximately 6+ months. Trained staff will stay with the practice.
Preparing for retirement
This practice was created to provide the highest quality health care practice that is affordable, accessible with a focus on your individualized wellness plan. The practice is widely respected within the community and has a strong word-of-mouth referral system. Unlike most franchise models, this practice is 100% independent.
Practice can be implementing a comprehensive marketing plan, accepting more members, and expanding services.
This Business Is An Established Franchise
The venture was started in 2003, making the business 19 years old.
The business has 2 employees and resides in a building with disclosed square footage of 1,400 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the genuine factor and the one they say to you might be 2 entirely different things. For instance, they might state "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in earnings, or an array of various other factors. This is why it is extremely essential that you not depend totally on a vendor's word, however instead, use the vendor's solution in conjunction with your total due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too small. Numerous organisations fall into 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 take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new clients? Many times, companies have repeat customers, which form the core of their daily revenues. Specific elements such as brand-new competitors sprouting up around the area, road construction, and also personnel turn over can affect repeat consumers and also adversely impact future revenues. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the neighborhood average house income impact future earnings potential?