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Medical Marijuana Doctor's Office, $300K Cash Flow Last Year


Listing_photo
Listing No: BBF-966-091120  
   

 

Category :  Medical Related Biz SIC :  8011  
Detail :  Medical Clinic Price :  895,000  
County :  Sarasota Down :  895,000  
State/Prov :  Florida Adj Net :  315,169  
Country :  USA Sales :  343,810  

This medical marijuana clinic is an ideal opportunity for a doctor looking for a great retirement gig. They are in the top 5 in both the town and county. They have close to 2,000 patients that each visit every 7 months, paying over $100 per visit. The only overhead is the rent/utilities and a receptionist. There is no inventory as it is strictly a clinic that recommends licenses to patients. Besides the owner, there is a doctor on staff who also sees customers. Together the owner and the doctor work a combined 32 hours a week.

This would be the perfect opportunity for a doctor who is looking to work 30-40 hours a week and make $300-500K annually, depending on how much they would like to work. Currently the revenue is roughly split between the owner and the doctor. An oncoming buyer could remove the current doctor and replace him with either themselves or another doctor.


Reason for Sale :  Moving
General Location :  Sarasota County
Organization Type :  'LLC'     Hours Owner Works: 20
  :  Years Established : 3  Years Owned:  3  Emp FT:  0  Emp PT:  3  Mgrs:  1
Non Compete :  Miles:  50  Years:  5  Weeks Training:  2  Cost:  0
Operating dys/hrs :  Tues, Wed, Thurs, Sat, 10-4
Skills/Licenses :  None
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    May Qualify For Visa: N



Data Source Tax Return Tax Return Tax Return  
Year (Cash Flow) 2021 (N) 2020 (N) 2019 (N)    
Gross Revenue 343,810 258,400 170,825  
Cost of Goods 0 0 0  
Gross Profit 343,810 258,400 170,825  
Expenses 161,810 183,858 135,317  
Net 182,000 74,542 35,508  
Owner Salary 133,169 122,978 78,221  
Benefits 0 0 0  
Interest Expense 0 0 0  
Depreciation 0 0 0  
Other 0 0 0  
Owner Benefit 315,169 197,520 113,729  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 0 N* ___________ 0 N*
F F & E 0 N* Total Assets 0 N*
Leasehold 0 N*   *Included?  

Lease/Month: 1,800 Square Footage: 1,500 Building Type: comm-strip
Terms & Options:   Expiration Date: 1/1/2023

Loan/Assumable - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Seller - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Other - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  

EDWARD BELL
Office :    
ASSOCIATE Agent Direct :    
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Fax :    
2640 GOLDEN GATE PARKWAY, SUITE 204 Cell :   (941)-667-1616  
NAPLES, FLORIDA 34105 Email :   [email protected]  
USA Home Page :   sunbeltofflorida.com

 



Listed By: Edward Bell

Background information

Reference:

51375

Finance

Sales:

$420,377

Profits:

$336,794

Profit type:

Discretionary Earnings

Opportunities

Growth:

The business' first year included a marketing budget, but after enough patients signed up, the plan was dropped. The business has continued to grow simply because it is a highly sought-after service. They rely on word of mouth and google. Any marketing plan at all, including a website update, google maps activity, ads on social media, and even flyers or signs around town would be a boon to business. Once a customer is signed up, they typically stay for years

Price and terms

Price:

$895,000

Down payment:

$895,000