Well Established Audiology Clinic With 16,000+ Clients

Smith County, TX

Business Listed By:

Shaun F. Rudgear - Certified Business Intermediary / Commercial Real Estate Advisor
Shaun Rudgear, CBI, CBB
(972) 433-5313

Asking Price:

$345,000

Est. Monthly Payment:

$3,516

Gross Revenue:

$395,778

EBITDA:

N/A

FF&E:

$5,000
Payment Details: Estimated payment based upon 6.0% APR for 120 months with $34,500 down payment for well-qualified buyers. Terms may vary.

Cash Flow:

$150,382

Cash Flow After Annual Debt Service:

$108,195

Inventory:

N/A

Rent:

N/A

Established:

1984

Business Description:

This well-established audiology clinic provides a 314% return on investment. In 2020, this clinic saw 267 new clients and has assisted 1,194 clients in the area since 2018 without any marketing.

The family-owned and operated clinic was established in 1984 and serves the East Texas region. The company provides audiology and hearing aid services for adults, including comprehensive hearing evaluations, hearing aid consultations and fittings, and special diagnostic tests. The current owners are the audiologist, providing all patient services. The current owners are the audiologist, who is responsible for all audiological diagnoses & instrument sales, and his business manager & spouse, who is responsible for accounting, post-sale patient support, and insurance claim management. The clinic draws patients from a 30-mile radius.

This audiology clinic is not tied to a physician or franchise, which gives the company freedom to be its own private practice and see clients as they wish.

At the purchase price of $345,000, a 10% down payment of $34,500 returns $108,195 in the first year after debt payments, which is a 314% return on investment.

Detailed Information:

Location:

Smith County, TX

Real Estate: 

Owned

Lease Expiration:

N/A

Employees:

N/A

Facilities:

The clinic is located within a 2,300 square feet stand-alone building specifically built for a medical clinic is owned by the Seller. The facility includes two provider offices, a sound booth, three exam rooms, a waiting area, a reception area, a staff lounge, two restrooms, and two storage rooms.

Competition:

N/A

Growth & Expansion:

Some growth areas include adding a second audiologist, scaling the operations, changing the current pricing strategy, initiating a marketing campaign, developing nursing home contracts, and offering pediatric services.

Financing:

Seller Financing: $34,500

Support and Training:

The owner will provide post-sale support for a smooth transition.

Reason for Selling:

Health issues force the immediate sale of the clinic