7 Y/O NM Industry Leader in Vein Care - Price Reduced!
Growing medical service - Includes great building!
(Seller's Discretionary Earnings)
included in asking price
not included in asking price
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The company is a central New Mexico company that is currently for sale to qualified buyers exclusively through Raincatcher. It is a seven-year-old company and the leading vein care facility in New Mexico and one of the top ten vein care institutes in the country. The Company provides an ideal opportunity for a buyer to enjoy predictable cash flow and rapid return on investment from this solid, steady business.
When the company initially opened, its primary focus was on performing ambulatory cardiology procedures for its patients. However, due to increased demand for vascular procedures, and the owner’s keen business eye, the company’s focus has shifted over the years. Now, approximately 70 percent of the business focuses on vein procedures. The vein treatment industry is strong. In fact, one recent report by Grand View Research states that the varicose vein treatment market will be worth $475 million by the year 2024.
With the emergence of less-invasive procedures, like the ones performed at the company, and an aging population, this industry shows no signs of slowing down. The company has remained on the cutting edge of new vascular procedures and works exclusively with the Food and Drug Administration (FDA) and Centers for Medicare (CMS). Additionally, the owner is considered a leading expert on the subject and regularly speaks and trains other physicians. As a result the company has a very strong reputation for its authority on the subject of vascular procedures.
The company also has an excellent reputation for customer service. This is a top priority and another reason for its success. It consistently maintains strong margins because of its customer service, integrity, and expertise in its field. It does not carry any long-term debt, nor carry large overhead. The primary location is in a 7,000-square foot building on one-acre. The property is fully landscaped with signage and monuments, and wholly-owned by the company. Space is rented out to other tenants for additional income.
The Company provides a great opportunity for other vein clinics looking to expand their market, or as a cash flow company for someone interested in entering the industry.
* A cutting-edge, industry leader in vascular procedures.
* Large customer base plus additional sources of income.
* Opportunity for strong margins.
* Increased demands for vascular services in a rapidly growing field.
The company is wholly owned by its founder and operator. While he is looking to sell the company, the owner does not intend to exit the business entirely and is willing to stay on for a pre-determined amount of time to help transition patients and help the new ownership ensure that the company continues to grow and prosper. This is an asset purchase that includes all the assets and liabilities of the Company. The asking price is $1,500,000 Business Purchase + $1,200,000 Real Estate.
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About the Business
Contact the Seller
- Year Established:
- Number of Employees:
- Real Estate:
- Building Sq. Ft.:
7,000 square feet facility on one acre of land
The company’s current competition is slim to none. The diversity of procedures that the company offers along with its vein therapy services have virtually eliminated any competitors. Additionally, what sets the company apart from any potential competition is its impeccable reputation for customer service. Clients are treated with respect and dignity. While many medical practitioners are notorious for making patients wait or spending less than five minutes with them, the company prioritizes service. The clinic has even been known to pick up patients from their homes who have no other way of getting to the clinic.
Growth & Expansion:
The ambulatory surgery services industry, which the company is a part of, is a $26 billion industry that has shown an annual growth rate of approximately 2.4 percent over the past five years. Despite potential healthcare reform, this industry is projected to continue to grow. Vein treatment and therapy, the highest paid ambulatory procedure, is expected to be worth $475 million by the year 2024.
The benefit of ambulatory service centers (ASCs) is that they can provide improved patient and quality care while reducing healthcare costs. They are a highly cost-effective alternative to hospitals and continue to grow in popularity. Physicians enjoy working in these environments because it allows them more autonomy to care for their patients as they see fit.
About the Sale
- Reason For Selling:
Owner wants to focus on a new business venture out-of-state
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