Profitable Dermatology Practice in Missouri

United States

Profitable Dermatology Practice in Missouri
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Asking Price: $1,295,000

Cash Flow: $293,781

Gross Revenue: $1,677,302

EBITDA: N/A

FF&E: $93,341

Inventory: $4,925

Established: 2011

Profitable Dermatology Practice in Missouri

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Business Description

Founded over 8 years ago, this dermatology practice practices comprehensive medical and cosmetic dermatology for both adults and children in the state of Missouri. In addition, they offer numerous skin care products for all ages. The staff is highly trained with long standing service and committed to the well being of their clients.

Detailed Information

Inventory:
Included in asking price
Employees:
18 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The practice is located in a leased facility in a growing area of Missouri.
Competition:
The dermatology industry is estimated to be currently around $13 billion in revenue. With an aging boomer population that represents over 42% of current dermatology patients (and growing) the industry will continue to grow. In 2019, there will be over 54 million Americans over 65. With less than 15,000 dermatology doctor practicing currently, the demand for services per practice will continue to grow, as will the profit margins.
Growth & Expansion:
A doctor working full time, 5 days a week would expect the revenues to grow by 25% from the current base in the first year of new ownership. Additional strategies such as new marketing, new services, new products could all add to continued revenue upside and easily make this a $3 million revenue practice in two years.
Support & Training:
Will train for 2 weeks @ $0 cost. Each of the staff is licensed as required for their responsibilities, General Medical dermatology services for adults and children including skin cancer screenings, acne, rashes and more. Cosmetic dermatology procedures and products are offered as well.
Reason for Selling:
The doctor would like to retire from an active practice.
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Thomas Foster

Business Listed By:
Thomas Foster

Murphy Business & Financial -N. Texas

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Sponsoring Broker:
Richard Gadberry

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