2 Location Occupational Healthcare Services

Not Disclosed, DE
Sussex County


Asking Price: Annual Revenue:
$615,000 $711,805

Services: Medical, Dental


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RE: 2 Location Occupational Healthcare Services Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $615,000 10% Buyer Down Payment $61,500 10% Seller Financing $61,500 80% Bank Loan $492,000 A 10% down payment of $61,500 returns $118,343 in the first year after debt payments!

Quick Facts

Asking Price: $615,000
Annual Revenue: $711,805
Net Profit: Not Disclosed
Cash Flow: $197,648
Total Debt: Not Disclosed
FF&E: $51,090
Real Estate: Not Disclosed
Year Established: 2008
Employees: 12
BBN Listing #: 810734398
Broker Reference #: MED013

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Business Overview:

This double location occupational healthcare provider in Delaware had a 36% profit margin in 2020! Serving businesses and corporations in all industries in Sussex County and beyond, this company provides a variety of occupational services that includes workers compensation, immigration exams, CDL exams, travel medicine, physicals, drug screens, TB tests, and COVID-19 vaccinations. Their recurring client base is upwards of 95%. The current staff includes the owner and 11 others. The owner is a full-time M.D. who spends 80% of their time in direct patient care, 15% in administrative work, and 5% in occupational health evaluation and labs; they hold the following certifications: DE WC, DOT, Civil Surgeon, and MRO. The part-time staff includes a Nurse Practitioner, a Physician’s Assistant, a Billing Manager, 4 Medical Assistants, 2 Registered Nurses, and another Medical Doctor. This company also has a full-time Office Manager.

The goal of this company is to provide occupational healthcare and travel medicine to the residents, businesses, and vacationers in Sussex County. They cherish the opportunity to assist employers in managing their most important asset: valued employees. They believe the quality of medical care employers provide their employees speaks louder than words. They maintain open lines of communications with employees, employers, case managers, and insurers with the single purpose of returning employees back to work as soon as medically possible.

Priced at $615,000, a down payment of $61,500 returns $118,343 in the first year after debt payments which is a 192% return on investment! A new owner could grow the business by expanding services, implementing a marketing strategy, increasing staff and hours of operations, and capitalizing on the facilitation of vaccines.

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Property Features and Assets:

Buildings: Owned by owner -- Location 1: 1,650 square feet; Location 2: 1,942 square feet. Equipment: $43,063 Inventory: $8,027 Intangible Assets: Strong client relationships, established credibility, case management process.

Market Competition and Expansion:

Growth Opportunities: Marketing, increase staff and hours of operations, capitalizing on the facilitation of vaccines, collaborations, expansion of services

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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