Businesses for Sale
Ophthalmology Practice
Email of Advisor:
Brad@BravoKiloAdvisors.com
Strengths:
- Minimal Owner Perks
- Well-Structured and Current Financial Records
- Detailed Organizational
- Structure and Clear Job Descriptions
Weaknesses:
- Requirement for More Medical Practitioners
Reason for selling:
- Retirement
The Company is a distinguished Ophthalmology Practice, renowned for offering a wide spectrum of eye care and medical services. This includes everything from routine eye examinations to sophisticated surgical procedures. Leveraging cutting-edge technology, their adept team specializes in the diagnosis, treatment, and management of a diverse range of eye conditions. Committed to delivering outstanding patient care, they ensure that each patient receives personalized and thorough treatment, solidifying their reputation as a leader in eye health services.
Top Details/Business Activity
Established History:
Founded in 1977, the company has a rich history spanning over 45 years, positioning it as a venerable leader in its industry.
Consistent Growth:
Demonstrated a steady upward trajectory with more than $500,000 in cash flow for 2023, indicative of robust financial health.
Impressive Profit Margins:
Maintained a remarkable average cash flow margin of 33% across the past three years, illustrating efficiency and profitability.
Renowned Brand Identity:
The company is widely recognized for its outstanding work and has cultivated an excellent reputation, reinforcing its brand strength.
Loyal Customer Base:
Features a strong client mix, with 80% of its business sourced from repeat and returning patients, highlighting client trust and satisfaction.
Substantial New Patient Acquisition:
Despite the high rate of repeat business, 20% of the clientele consists of new patients,
demonstrating effective market penetration and appeal.
Significant Asset Holdings:
Equipped with over $200,000 in fixed assets, which bolsters its operational capabilities and market value.
Strategic Location:
The company benefits from a strategically
chosen location, enhancing accessibility and visibility to its target market.
Dedicated Team:
Employs a skilled and committed workforce,
contributing to its high service standards and operational success.
Innovative Practices:
Continuously adopts innovative techniques
and technologies, keeping it at the forefront of industry advancements and customer expectations.
Diverse Service Offerings:
Offers a wide range of services, catering to a broad spectrum of client needs and enhancing revenue streams.
Real Estate:
Land and Building (not included in purchase price) can also be acquired in conjunction with business.
Employees:
The Company employs a total of eight staff members, consisting of four full-time and four part-time employees. The core team includes a Medical Doctor, Clinic Manager, Office Manager, Surgical Coordinator, and a Technician.