Hot medical service provider in rapidly growing county in Middle TN!
Asking Price: $850,000
Cash Flow (SDE): $350,000
EBITDA: $350,001
Gross Revenue: $457,064
Real Estate: $475,000*
Established: 2013
* not included in asking price.
Business Description
Hot new B2B and B2C Commercial Services Business. Tennessee. Ideal for a buyer with a general contractor's license.
Detailed Information
Calling all NPs, PAs & medical practitioners! Own a growing practice.
This is a fabulous opportunity for a medical provider (NP, PA or MD) to own their own business earning in excess of $350K+ net cash flow annually. Award winning, 5 Star Service in multiple facility practice in rapidly growing locations just outside of Nashville TN. 93% Gross Margins. Low overhead. Cash Pay. Lots of low hanging fruit and positioned for growth. Reasonable leases and real estate available for sale for one location. Seller is moving but move is not urgent and owner will help transition a new buyer. Buyer must hold appropriate medical licenses or willing to hire a NP to replace the owner.
Ad#:2514463
Location: Nashville, TN (north of Nashville)
Inventory: $7,000 (Not included in asking price}
Real Estate: Owned. Not included in asking price. Owned building is 1,675 squared feet.
The medical services business is operated out of multiple locations with the primary provider working a few days at each location. One facility is available for sale. Great buildout and locations. There is plenty of capacity to add additional providers and other services. The owner's property also earns income (included in broker recast) for tenant in related field. Photos available upon request. Limited overhead. No need for major capital expenditures.
Competition:
There is ample competition but not in the region where this provider is location. The practice has a fantastic brand and reputation and seeks a buyer with the same.
Growth & Expansion:
Extend operating hours. Add more practitioners. Advertising and Marketing. Sourcing more referral partners from PCPs. Consider accepting more insurance pay. Initiate telehealth follow ups for prescription refills etc. Add a related healthcare practice to the locations for complimentary services. Expand on men's services and into pediatric. Seek Referrals from employer wellness programs.
Financing:
Limited Seller Financing to qualified buyers at seller's discretion.
Support & Training:
There will be a considerable amount of learning during the due diligence period. In addition, the owner will stay on for a reasonable training and transition period.
The buyer must be a licensed medical practitioner or willing to bring somebody on board immediately to replace the owner. The seller will stay on to train the new owner for a reasonable period (2 to 3 months). Significant learning will take place during the 60 to 90 day due diligence period between the letter of intent and closing.
Reason for Selling: Owner is moving out of area post-closing/training and transition.
Highlights.
Steady revenue and cash flow.
Poised for expansion.
Real estate available for acquisition.
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