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Quick Facts
Asking Price: | $4,395,000 | |
Annual Revenue: | $3,550,222 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,117,804 | |
Total Debt: | Not Disclosed | |
FF&E: | $75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2014 | |
Employees: | 13 | |
BBN Listing #: | 10185287 | |
Broker Reference #: | CT888120721 |
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Business Overview:
The business is a medical weight loss system developed by physicians, registered dietitians, and health professionals and covered by most medical insurance to help control the patient’s calorie and carbohydrate intake while eating the optimum amount of protein to preserve muscle mass.Â
The system is a nationally recognized evidence-based program which will result in a successful lifestyle change. When administering the treatment, the clinics healthcare providers take each patient’s unique health profile into account to optimize their weight loss goals. The system has a 90% success rate for patients to achieve significant weight loss.
The owner has opened and currently operates three franchisee clinics within the system. The first of the three opened in 2014. The award winning franchisor system was established in 2006.
The clinics cater to both corporate and individual clients. With 90% of the weight loss program’s cost typically covered by the patient’s medical insurance.Â
The average patient completes the program in 10 weeks with many staying on for monthly maintenance visits. The program also offers additional revenue opportunities with supplement product sales as an additional growth area.Â
This program is not a quick fix but a lifestyle change. The program teaches a balanced approach of education, appetite management and exercise activity to maximize weight loss.Â
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Property Features and Assets:
Each of the 3 clinics is between 1,800sf and 2,000sf square feet and the combined leased space totals 5,700sf. The monthly rent for each location is $3,100, $3,200 and $7,000 which totals $13,300 per month for all locations combined. Â The clinics are located in Office Park settings. Â The leases are assignable and the businesses are relocatable within the franchised territory. Â
Market Competition and Expansion:
Almost unlimited growth opportunities.
Reason for Selling:
Owner has other business interests
Additional Details:
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