An established, physician-led concierge medical and wellness practice is available for acquisition in a desirable Mid-Michigan market. The practice has operated successfully for approximately two decades and has developed a loyal patient base drawn from the local market as well as patients throughout the United States and internationally.
The practice operates on a cash-based model and focuses on personalized, preventive and wellness-oriented care, with an emphasis on identifying underlying contributors to chronic health concerns and developing individualized treatment and lifestyle programs. Its approach blends conventional medical care with complementary and natural-health strategies. Owner is semi absentee and works an estimated 15 hours per week.
Financial Information
$420,000
Asking Price
$151,954
Cash Flow
$565,759
Gross Revenue
Negotiable
Down Payment
Business Location
City:
Confidential
State:Michigan
Reason for Sale
Retirement
Detailed information
Year Established:2005
Home Based:No
Franchise:No
Relocatable:Yes
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 2
Part-Time Employees:2
Contractors:N/A
Owner Worked Hours/w:15
Inventory Included: Yes
Inventory Value:
$15,000
Monthly Rent:
On request
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
$0
Building Size: 4500
FF&E Included?: Yes
FF&E Value: $150,000
Training/Support
The current owner is willing to provide 30 days training and transition included in the sale.
They would also be willing to stay on past this initial period under a mutually agreeable consulting agreement.
Facilities
The practice currently occupies an approximately 4,500 square feet facility that is under lease in a highly central, accessible location.
Market Outlook/Competition
The business offers several potential avenues to expand revenue and profitability, including:
Increasing IV and wellness treatment utilization
Expanding functional and preventive medicine services
Increasing patient acquisition through digital marketing and social media
Expanding online supplement sales
Introducing additional medical and wellness services
Optimizing pricing and product margins
Expanding operating hours
Further developing the practice's out-of-area and virtual patient base
Real State Description
The practice currently occupies an approximately 4,500 square feet facility that is under lease.