Description About This Posting: Medical Weight Management And Aesthetic Procedures
The practice being sold is comprised of five locations: encino, agoura hills, camarillo, simi valley, and santa clarita. Each office has been at or very near to its present address for over 30 years, so the practice is very well-established. Regular advertising has been in effect during this time, so there is considerable name-recognition.
Originally, the practice was 100% medical weight management. Approximately 18 years ago, the decision was made to add aesthetic procedures to the services offered, and today the mix is about 80% weight and 20% aesthetics.
Medical weight management includes appetite suppressants, food replacements (optifast), and a variety of nutritional products. We also feature 'the diet shot,' a proprietary mixture of vitamins and minerals that helps patients maintain weight loss. The diet shot also requires regular visits to the office, which provides additional opportunities to introduce patients to other products and services.
Aesthetic procedures include laser treatments for hair loss, photo facials, wrinkle removal, resurfacing and scars. Botox injections and fillers such as juvederm, volbella, vollure, and voluma are also extremely popular.
All hard assets which include furniture, fixtures, equipment, leasehold improvements, product inventory, medication inventory. Equipment includes two palomar star lux 300 lasers and handpieces, all office machines including computers and monitors, and an and all other medical equipment.
All soft assets which include patient charts and good will.
Sale is of assets only (no debt).
Immediate income to physician
Assuming the purchasing physician assumes the duties of the current physician, nurse practitioner employees, and takes on at least some of the administrative duties, immediate income potential is $300,000 per year. Potential income to physician depends on how hard they are willing to work.
Asking price and justification
During the period when the current owner/physician was actively working in the practice, revenues were in the $1.847 million to $1.950 million range. As the doctor took a less active role, leaving the day-to-day medical operations to nurse practitioner employees, revenue has maintained in the $1.787 million to $1.474 million range.
Even during his working tenure stage, the doctor was not actively attempting to build the practice. It is logical to expect that a physician who actively works the practice and makes every attempt to improve business will achieve at the very least the levels attained during the current doctor's active stage.
Therefore, the asking price is $1.399 million.
To get more information about this Medical Weight Management And Aesthetic Procedures business for sale in
Southern California please phone Houmehr M Panoussi (Agent - BRE License #:01853627) at 661-816-1141 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #243752 on BizBen.com. In addition to phoning
Houmehr M Panoussi, make sure you email Houmehr M Panoussi above to get more info about this
Medical Weight Management And Aesthetic Procedures, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
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