MergerPlace

Family Practice, Functional Medicine

California (Riverside)


  • Asking Price: $1,395,000
  • Gross Income: $1,390,025
  • Cash Flow: $394,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #213662
  • Established: 2011
  • Employees: 6

Business Description

Profitable, functional medicine, weight loss and aesthetics Clinic, with very strong upside Potential
This business specializes in hormone replacement, functional medicine, aesthetics, and weight loss therapies to revitalize and rejuvenate your health. Since 2011, the business has provided the latest advances in safe and effective anti-aging and wellness services, in helping men and women reverse the age process, to look and feel younger and enhancing their lives. The business has developed a reputation for providing individualized care, with compassion, setting it apart from most competitors.

Great growth potential with the possible expansion of the aesthetics side of the business, as it has had growth in demand in this area over the last few years. The business has a strong & diverse customer base. Its customers typically have a Median age of 35-55, are 90% female, and 10% male. Aesthetics/Hormone balancing is approaching 40% of care provided. Functional medicine is becoming more popular and vitamin supplementation for supporting wellness is growing rapidly as well.

Office is approximately 2,979 square feet. Welcome desk is situated right next to the entry, ensuring patients an immediate response upon arrival. The waiting room can seat 12 people and is designed like a personal living room. There are currently 5 patient rooms, 2 offices, a nursing station, chart room, medication room, a break room, indoor restroom, and large open area in the back that could be build out for 2 more patient rooms. Design of the office is meant to feel like a “home” environment.

There is currently staff as follows: One Nurse Practitioner, two Licensed Vocational Nurse, and a Medical Assistant per shift.

The business real estate is also offered for sale at $1.4MM. The building approximately 2,979 square feet, with dark wood built-ins. There is travertine flooring in the entry way and hallways. The building is on the first floor with a double door entry. The suite is situated at the entry of the building, with ideal location from the street. Signage is visible from the main street that enters into the complex.

According to the National Center for Health Statistics, In the United States, approximately 38 percent of adults (about 4 in 10) and approximately 12 percent of children (about 1 in 9) are using some form of complementary and alternative medicine (CAM). Similarly, according to First Research, excess weight is drawing concern around the globe, potentially creating demand for the industry. As of 2016, 40% of women and 39% of men were overweight, according to the World Health Organization. For obesity, the rates were 15% for women and 11% for men. The US weight reduction services industry includes about 3,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $2 billion.


Business Details

Primary Business Category: Services - Other Services
Location: California
County: Riverside

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6

Financial Information

Asking Price: $1,395,000
Gross Revenue: $1,390,025
Cash Flow: $394,000
Seller Financing Available: No

Property Information

Facilities:

Real Estate: Owned Building SF: 2,979 SF Lease Expiration: 5/22 With option to extend

Growth & expansion opportunities:

Excellent potential

Competition:

Jenny Craig, HMC Weight Loss Center, Corona Medical Weight Control

Reason for selling:

Sellers have decided to pursue other business opportunities

Support & Training:

Owners will assist in the transition

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Vasilis Georgiou

CrossRoads Business Brokers, Inc.