Return To Opportunities List

Opportunities

Employee Health and Wellbeing Provider--36% Profit Margin

With 2 locations and a 95% recurring client base!

CASH FLOW
$204,109

Specifications

  • Price
    $620,000

  • Revenue
    $711,805

  • Cash Flow
    $204,109

  • Location
    2 offices in Sussex County, Delaware

  • Reason for Sale
    Retirement

  • Profit Margin
    36%

  • Employees
    12 (2FT, 10PT): 1 Owner/Occupational Doctor + 1 Nurse Practitioner, 1 Physician’s Assistant, 1 Billing Manager, 1 Office Manager, 4 Medical Assistants, 2 Registered Nurses, 1 Medical Doctor

  • Intangible Assets
    Strong client relationships, established credibility, case management process

  • Service Area
    Sussex County

This double location employee health and wellbeing provider in Delaware has a 95% recurring client base! With a 36% profit margin in 2020, this company provides a variety of occupational services that includes workers compensation, immigration exams, CDL exams, travel medicine, physicals, drug screens, TB tests, and COVID-19 vaccinations. The current staff includes the owner and 11 others. The owner is a full-time M.D. who spends 80% of their time in direct patient care, 15% in administrative work, and 5% in occupational health evaluation and labs; they hold the following certifications: DE WC, DOT, Civil Surgeon, and MRO. The part-time staff includes a Nurse Practitioner, a Physician’s Assistant, a Billing Manager, 4 Medical Assistants, 2 Registered Nurses, and another Medical Doctor. This company also has a full-time Office Manager.

 

The goal of this company is to provide occupational healthcare and travel medicine to the residents, businesses, and vacationers in Sussex County. They cherish the opportunity to assist employers in managing their most important asset: valued employees. They believe the quality of medical care employers provide their employees speaks louder than words. They maintain open lines of communications with employees, employers, case managers, and insurers with the single purpose of returning employees back to work as soon as medically possible.

 

Priced at $620,000, a down payment of $62,000 returns $117,698 in the first year after debt payments which is a 189% return on investment! A new owner could grow the business by expanding services, implementing a marketing strategy, increasing staff and hours of operations, and capitalizing on the facilitation of vaccines. 

Business Highlights

  • Revenue: $711,805
  • Cash Flow: $204,109
  • Year Established: 2008
  • Location and Service Area: 2 offices in Sussex County, Delaware
  • Clients: Businesses & corporations in all industries in the region
  • Services: Occupational medicine: worker’s compensation, immigration exams, CDL exams, travel medicine, physicals, drug screen, TB tests, COVID vaccinations
  • Employees: 12 (2FT, 10PT): 1 FT Owner/Occupational Doctor + 1 PT Nurse Practitioner, 1 PT Physician’s Assistant, 1 PT Billing Manager, 1 FT Office Manager, 4 PT Medical Assistants, 2 PT Registered Nurses, 1 PT Medical Doctor
  • Reason for Selling: Retirement planning
  • Seller Training Period: 6 months to 1 year

Services

  1. Workers Compensation
  2. Immigration Exams
  3. CDL Exams
  4. Travel Medicine
  5. TB Tests
  6. COVID-19 Vaccinations
  7. Physicals
    • Pre-placement / Pre Hire
    • Annual
    • Return to Work/ Fit for Duty
    • Pre-Op
    • Respiratory clearance
    • DME & IME
    • Fire Dept Physical
    • Sports
    • College
    • FAA
    • Bus Driver
    • Police
    • US Coast Guard
  8. Drug Screens
  • Offered at office, off-site and after hours:
    • Pre Employment
    • Post Accident
    • Random
    • Reasonable Cause
    • BAT Testing
    • DOT
    • NON DOT
    • DOT

Financial Highlights

  • List Price: $620,000

 

  • Cash Flow: $204,109
  • 2-Yr. Avg. Cash Flow [’19-‘20]: $197,648
  • Assets: $50,090
    • Equipment: $43,063—exam tables, printers and computers, EKG machine, bio supply fridge, etc.
    • Inventory: $8,027—various medical supplies: gauze, syringes, gloves, splints, slings, etc.

Differentiators

Growth Opportunities

Valuation

Funding Example

Purchase Price:

$620,000

$
%
OR
$
%
OR
$
Years
%

Bank Loan Needed: $

Years
%
$
$
$
$
$

Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2 year average cash flow
$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2 year average cash flow
$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

Attachments

Document Title / Description

This folder is empty.

Access to this Deal Room is restricted

Would you like to access the deal room?

Yes, please

Interested in
this business?

Complete the following information to sign an NDA and see more details!

Already have an account? Log in here.

Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

Thinking of Selling?
When selecting an M&A firm, please use the following Scorecard: click here for our M&A Scorecard


The Firm is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.