Healthcare Clinic With Esthetic Services

This family practice along with medical spa is located in Johnson County, Iowa near the Iowa City metro area. This clinic not only stresses disease prevention but promotes healthy living. Services are provided in management of hypertension, diabetes, cholesterol, weight, depression and anxiety and more. School, sports and employment physicals are also offered, as is gynecological care, hormone replacement and laser hair esthetic care. along with over 750 clients on the books, this business is set up for continued success. Lease is $3,400/month within 2,500 square feet, however a healthcare-related tenant shares lease expenses in this newer facility along with $24,000 invested in build-out. Owner is motivated to sell and will provided 120 days of training and support to the incoming owner as well as 15% seller financing.
An incoming buyer placing a 20% down payment on the business would certainly receive a net operating income (NOI) of $25,312 after business expenses and loan payments in the first year alone.

List Price: $126,000
Gross Sales
3 Year Average: $176,942
Owner Profit/Cash Flow
3 Year Average: $43,547
Profit Margin: 23.37%
Multiple: 2.90 *Multiples range from 1-5, along with the Standard being 3
Valuation: 3-yr Avg Cash Flow x Mult. = Price
$43,547 x 2.90 = $126,286
Total Assets: $72,745 including two finish exam rooms, reception area, washer/dryer, all office equipment and all necessary equipment
Inventory: $8,742
Build-Out: $24,000
Year Established: 2006
Location and Service Area: Johnson County, Iowa
Number of Patients: 750+
Lease: $3,400/mo in 2,500 square feet
Reason for Selling: Family Obligations
Employees: 1 FT
Hours: Mon-Fri 9am-5pm
Seller Training Period: 120 Days
Growth Opportunities: Expand to Evening Hours & Weekends
Payor Mix: Blue Cross Blue Shield (75%), Managed Care (13%), Cash Pay (7%) and Other (5%)
Services Offered: Management of hypertension, diabetes, cholesterol, weight, depression & anxiety (along with local psychologists and counselors); physic

Posted by: philco on