Dermatology Practice in LA - High Margins, Prime Area
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Background
| BizEx ID: | BizEx1441-SL |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Health, Medical & Dental Consumer Services (B2C) |
| Years in Business: | 35 |
| Under Present Owner: | all |
| Hours of Operation: | 25 |
| Owner Hours: | 70 to 75 hours per month |
| Training: | 8 weeks @ 4 to 5 hours |
| Organization Type: | S-Corp |
| Lease Expiration: | April 1st 2025 |
| Lease Options: | Extension available |
| Building Size: | Commercial 3-Story |
| Employees: | 4 |
| Reason for Sale: | Retirement |
Financials
| Asking Price: | $3,000,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $2,376,280 |
| Discretionary Cash Flow: | $1,483,770 |
| FF&E: | $45,000 |
| Inventory Included? | No |
| Inventory: | $50,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $5,870 |
| Payroll: | $141,333 |
| Financing: | SBA |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Gross Sales | $ 2,376,280 | $ 2,407,468 | $ 2,230,206 |
| Gross Profit | $ 1,967,284 | $ 1,958,770 | $ 1,829,511 |
| Disc. Earnings | $ 1,483,770 | $ 1,598,350 | $ 1,494,490 |
Description
This Dermatology practice has been serving an affluent area of Los Angeles since 1989. The owner works 70 hours per month (1 week off per month).
A top-rated medical practice, their core beliefs include customer satisfaction and safety. The owner is the sole licensed provider in the practice.
The practice is General and Cosmetic Dermatology providing medical dermatology, wrinkle treatments, sclerotherapy, dermal fillers, skin checkups, and other services. The practice is owned by the onsite doctor and is supported by 3 employees. Owner willing stay on post sale 1 years up to 3 years in current part-time basis. The owner was working part-time historically for years and decreased the workload even further late in 2024.
Growth opportunities are accepting insurance, marketing (none today), expanding the services hours to a traditional 40-hour week, and hiring a nurse practitioner (NP) or licensed derm professional so the business can see more patients.
- Owner's part-time hours: 70 per month (1 week off per month), and she is the sole doctor at the practice (there is no nurse practitioner either)
- 2025 Seller's Discretionary Earning forecast of 1.1M as of Sept
- Business currently does not accept insurance - intentional strategy to keep margins high
- Offered at 3M
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
