Fully describe the business's activities?
Complimentary Healthcare Practice. Dispensary On-site of well-known Nutrional Brands. Muscular and Skeletal Pain Management. Homeopathy. Accupuncture. This is one of the largest complimentary healthcare practices in the country.
How long has the business been established?
The business was established in 2001 - 20 years.
How does the business operate on a daily basis?
There are 2 x Receptionists because of the high volume of patients who also assist with in the dispensary. The owner and an associate professional consult with the patients.
How are the clients attracted to the business?
Referrals. Website. This is one of the largest complimentary healthcare practices in the country.
What competition exists?
There are other smaller practices around but they do not offer much more than accupuncture.
What are the seasonal trends?
Closed for the traditional holiday period in December but very busy in November and December before they close.
Is the business VAT Registered?
Yes, the business is VAT registered.
What VAT documentation is on file?
Normal VAT returns and recons are on file.
Are there up-to-date Management Accounts available?
Yes, up-to-date management accounts are available
What percentage of the business is cash/credit?
73% pay by cards and 27% pay by EFT.
What is the age analysis of the debtors book?
Debtors average about R12 000 to R15 000 but are cleared within a week or two.
Is Seller finance available and for what amount?
The Seller is prepared to accept 50% of the asking price up front = R1.5 million with the balance paid over 2 years based on patient retention.
What is the total staff complement?
2 x Receptionists + Owner + Associate.
Do any receive special perks or incentives?
Bonuses are paid at managements discretion.
Are they on contract?
Yes, they have letters of appointment.
Do any have management potential?
Yes, the Associate has management potential.
How involved is the Owner in running the business?
The owner is involved in the business daily but also takes normal holidays as well as at least one overseas trip a year.
When does the current lease end?
The premises are owned by the Seller and is available to rent for the practice.
What are the trading hours?
Monday to Thursday: 8.00 am to 5.00 pm. Friday: 8.00 am to 3.00 pm Saturday: Occasional.
What is the square meters of the business?
Approximately 250 sqaure meters.
What are the main assets of the business?
Computer equipment, office furniture, fixtures and fittings.
What is their overall condition?
Very good to excellent.
Are they presently insured?
Yes, the business is comprehensively insured.
Growing market in this sector of healthcare. Very profitable - especially with dispensing of nutritional products. Postive cash flow. Location.
Reliance on practioners availibility for patients.
Huge growth potential with more partners and associates. The nutritional products sales side is potentially even bigger at this practice with some extra marketing etc.
None really except for normal economic conditions. If people are sick they will spend the money to try and get well again.
What is the reason for the sale?
Why is this a good business?
Nicely profitable. Lovely working environment. Potential for growth with more associates and/or partners. Growth of the nutritional products range. This could be the perfect bolt-on business to an existing complimenatary healthcare practice.
What is the price plus stock and the profit?
The asking price is R3 million (including stock of nutrional products) with R1.5 million paid on the purchase date and the balance payable over 24 months taking into account patient retention.
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