Active
Medical Marijuana Doctor's Office, $300K Cash Flow Last Year
| Listing No: BBF-966-091120 | |
| Category | : | Medical Related Biz | SIC | : | 8011 | |
| Detail | : | Medical Clinic | Price | : | 1,100,000 | |
| County | : | Sarasota | Down | : | 1,100,000 | |
| State/Prov | : | Florida | Adj Net | : | 315,169 | |
| Country | : | USA | Sales | : | 343,810 |
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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 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:
$1,100,000
Down payment:
$1,100,000