Ear Nose & Throat Practice On An Island

Naples, FL (Collier County)

Ear Nose & Throat Practice On An Island

Asking Price:$677,038

Cash Flow:N/A

Gross Revenue:$825,519





Ear Nose & Throat Practice On An Island

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Business Description

For over 14 years this practice has provided personalized ear, nose and throat care to thousands of families. Their patients come from near and far to experience the warm, individualized and comprehensive care they provide.
A description of some of the services this ENT practice offers can be found below:
Ear, Nose & Throat
Evaluation of hearing & voice problems
Treatment for acute & chronic ear disease
Management of nasal obstruction
In-office turbinate coblation for nasal obstruction (exclusive in a 160 miles radius)
Rigid nasal endoscopy
Flexible, laryngeal laryngoscopy
Testing & treatment of Obstructive Sleep Apnea (OSA)(the only sleep lab in more than 90 miles)
Devising custom made mandibular advancement pieces for the treatment of mild to moderate sleep apnea (exclusive in a 160 mile radius)
Testing & treatment of inhalational allergies (immunotherapy)
Skin biopsies for the diagnosis of skin malignancies
Excision & reconstruction for skin malignancies
Photodynamic therapy (PDT) for the treatment of pre-malignant skin cancers (exclusive in a 160 miles radius)
MediSpa & Rejuvenation Center
Treatments with Intense Pulse Light (IPL) for hair removal, vascular lesions & hyperpigmentation
Treatments with Exilis (RF) for skin tightening
Treatments, alone & in combination with Botox, Xeomin, Dermal fillers, to include, Juvederm, Voluma, Radiess, Belotero & Kybella
Microdermabrasions & Microneedling
Sclerotherapy for leg veins
Intra venous (IV) Nutrition to boost immune function & increase energy levels.

Detailed Information

6 to 8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Furnishings and equipment for the office were listed at $195,271.00 by Seller. All equipment and furnishings are in good condition. Patient files evaluation is based on the clinic’s most updated collections beginning in January 2015 and ending in December 2015. Total collections of $825,519, less direct and indirect overhead of $659,275 leaves a net cash flow of $166,244.00. The net cash flow multiplied variable ranges from 12-24 months. Collections to asking price ratio (CAPR), counter-balances and justifies the range to be multiplied. Projected collections for 2015-16 is based on total collections of Doctor ending in March. 2016. Projected collections are solely based on smooth transition, advertising, and solid management skills of the buyer. Leasehold Improvements Leasehold improvements totaled approximately $7,964.00. These improvements were worked into the term of lease.
Has over 10,313 patients, 3,000 active patients and 965 new patients over the past year. Also, business is generated primarily through repeat by patient referrals, and has enjoyed excellent patient retention. Having high volume cash accounts has decreased the need for additional staff, referral’s to collection agencies, and more accurate accounting and book keeping as well as and most importantly, continuous cash flow. Further, the goodwill of this practice, the doctor’s outstanding reputation in the community, and the fact that collections and patient visits continue to increase exponentially to date, the selling price of $677,038.40 is a superb transaction and opportunity for the buyer.
Support & Training:
Very knowledgeable staff in place and will remain with new owner. The current Doctor will stay on to assure smooth transition.
Reason for Selling:
Health challenges with a family member and needs to be closer to family.

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