* Included in Asking Price
This family practice with medical spa is located in Johnson County, Iowa near the Iowa City metro area. This clinic not only stresses disease prevention but promotes healthy living. Services are provided in management of hypertension, diabetes, cholesterol, weight, depression and anxiety and more. School, sports and employment physicals are also offered, as is gynecological care, hormone replacement and laser hair esthetic care. With over 750 clients on the books, this business is set up for continued success. Lease is $3,400/month within 2,500 square feet, however a healthcare-related tenant shares lease expenses in this newer facility with $24,000 invested in build-out. Owner is motivated to sell and will provided 120 days of training and support to the incoming owner as well as 15% seller financing.
An incoming buyer placing a 20% down payment on the business would receive a net operating income (NOI) of $25,312 after business expenses and loan payments in the first year alone.
Assets Included in Purchase: $81,487
- Total Assets: $72,745 including two complete exam rooms, reception area, washer/dryer, all office equipment and all necessary equipment
- Inventory: $8,742
- Build-Out: $24,000
Payor Mix: Blue Cross Blue Shield (75%), Managed Care (13%), Cash Pay (7%) and Other (5%)
Services Offered: Management of hypertension, diabetes, cholesterol, weight, depression & anxiety (with local psychologists and counselors); physicals for school, sports, and employment; annual gynecological exams, treatment of acute problems, IUD placement; hormone replacement; total esthetic care
Purchase Price: $126,000
- 20% Buyer Down Payment: $25,200
- 15% Seller Financing: $18,900
- 65% Bank Loan: $81,900
An incoming buyer with the above funding example would receive a net operating income (NOI) of $25,312 after business expenses and loan payments in the first year alone.
|Facilities:||Lease: $3,400/mo in 2,500 square feet|
|Growth Potential:||Expand to Evening Hours & Weekends|
|Sale Reason:||Family Obligations|
Seller Reference #HEA011
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