PRICE REDUCED! Established 30 year Plastic Surgery Practice

North Carolina

Seller Financing Available

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Asking Price:$1,450,000
Gross Revenue:$3,564,535
FF&E:$501,810
Cash Flow:$1,047,489
Rent:$15,700
Established Year:1992
BUSINESS DESCRIPTION

Rare opportunity for Board Certified Plastic Surgeon or Group to control your destiny. This is a 30-year established Plastic / Cosmetic Surgery Practice with professional staff members staffing an in-house operating suite where all cosmetic procedures are performed just as if you were in a hospital operating room setting.

Almost all procedures are on a cash payment basis, with a large backlog of patients requesting procedures.

The facitlity includes an AAAASF-accredited operating room suite.

The practice maintains growth alongside the steady regional population increase.

Business success has been built on reputation and favorable reviews with no marketing effort.

Although the focus of the practice remains reconstructive and cosmetic surgery, throughout the years, it has gravitated more towards cosmetic surgery, which accounts for most of the business’s revenue.

The current surgeons have gained excellent reputations, and both are board certified by the American Board of Plastic Surgery. They have performed various facial, breast, body contouring, and reconstructive procedures.

The practice has a tenured staff of fully trained nurses and office personnel that provide patient care and all administrative duties. The staff wants to continue with the practice.

They are willing to continue operating during the transition with the goal of exiting at the end of 2024.

This reduction was offered to help a solo plastic surgeon with the purchase.

A recent valuation was performed by outside 3rd party that valued the Practice at $2,200,000.

Practice is prequalified for both conventional and SBA7a financing for qualified buyers.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
11,000
Lease Expiration
07/09/2025
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Medical office with AAAASF accredited operation suite FF&E Overview: New Laser just purchased FF&E General Condition: working and in good shape
Competition
A few nearby regional plastic surgery practices in surrounding cities.
Growth & Expansion
Utilizing available surgery days to increase procedure volume and expand skincare and laser services would be opportunities to grow. Surgeons currently do not work Fridays.
Financing
Owner Terms:$225,000.00 Interest:6% Term Months:60 Monthly Payment:$4,349.48
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Retirement
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Tommy
Alligood
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Tommy Alligood