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Aesthetic Medical Boutique - Sunny South Florida
Description: This aesthetic cosmetic practice is located in a professional office building in a downtown type setting along Florida's south central Atlantic coast.  The office consists of 2,500 square feet and offers 12 assigned parking spots.  The office lease is set to expire in 2019.  The seller believes the landlord is willing to transfer the lease to the owner of the practice.  Current rent is $5,000 per month and includes water, sewer and CAM.

The office consists of a large centralized waiting area with 8 chairs, two private physician’s offices, 2 examination rooms and 2 surgical suites.  The surgical suites were re-accredited by AAAHC on August 28, 2016 and are due for re-accreditation on August 27, 2019.  Support areas include nurse’s station, lab area, management/bookkeeping and staff lounge.  Two lavatories are present.  The layout allows for ease of patient flow and efficiency of physician movement.

Patients are seen primarily by appointment with only 10% of the patient visits by walk-in.  Average patient appointment length is 15 minutes.  Average travel distance for most patients is 10 miles.  Procedures are performed in office surgical suites.
Practice/Business Type: Surgical>Plastic Surgery
Opportunity Type: Practice For Sale
Region: North America
Country: UNITED STATES
State: FL
City: Call for info

Location Type: Suburban
Property Type: Professional Office Bldg.
FT Doctors: 1
PT Doctors: 0
Support Staff: 3
Exams/Ops/Lanes: 4
Facility Size: 2500 Sq Ft
Seller Assist: Seller can assist buyer with transition
Seller Work: Seller willing to work in practice after closing full time

Legal Name: Call for info
DBA Name: Call for info
Call for info
Call for info, FL Call for info
Year Biz Established: 9
Entity Type: S Corp
Broker Contact OK: Y
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Biz Asking Price:    $749,900     
A/R Amount:    $0    Included in asking Price: N
FF&E Amount:    $171,595    Included in asking Price: Y
Inventory Amount:    $4,000    Included in asking Price: Y
 
Gross Income Current
$1,113,792
Prev Yr1
$1,030,891
Prev Yr2
$1,123,038
Prev Yr3
$1,093,835
Seller Discretionary Earnings Current
$503,614
Prev Yr1
$472,077
Prev Yr2
$479,986
Prev Yr3
$426,031
History: The practice was opened on January 2, 2007 and has been in the current location since opening.
Growth Potential: This practice is located in a high net worth area of the south central Florida Atlantic coast.  Adding evening and weekend hours.  An additional 2,500 square feet of built-out office space is available for expansion and could accompodate complimentary practice or service such as weight loss, etc.
Reason For Selling: Physician would like to retire.
Other Remarks: Seller will stay in practice for up to one year post-sale. Opportunity for buyer to continue current services, transfer existing patient base plus build new revenue streams.

Agent Profile

Medical Practice Brokers, Inc.
Terry Flanagan
7740 Foresthill Lane
Palos Heights, IL 60463
1-877-988-0911
Fax: 708-361-3220
terry@practicebrokers.com
www.practicebrokers.com

More listings from this agent

Terry Flanagan is our Medical Practice Sales Group affiliate in the Midwest region.

PROFESSIONAL EXPERIENCE

Terry was in practice as a chiropractor for twenty-five years.  During that period he has practiced as a solo practitioner, as a clinic director and as a primary care physician in a multi-specialty medical clinic.  His experience and knowledge of various physician operating structures provides both buyers and sellers with the insight necessary to attain their personal goals. He holds the prestigous Certified Business Intermediary (CBI) designation through the International Business Brokers Association.

Terry is also the owner of Circumference Valuations (www.CircumferenceValuations.com), a valuation company providing financial appraisals for professional practices and small to middle market companies.  Terry has taken extensive valuation training through the American Society of Appraisers (ASA), National Association of Certified Valuation Analysts (NACVA) and the Institute of Business Appraisers (IBA).  He is an accredited valuation analyst (AVA) through NACVA and is a Certified Business Appraiser (CBA) through the IBA.  He has extensive expertise in the valuation, negotiation and sales of professional practices.

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