Well established, highly profitable Hearing Care practice with exceptional referral base for Sale

Private Practice

Dallas, TX
Posted: January 4th, 2017

Considering the sale of hearing aid practice (single office) located at the heart of Richardson with multiple Senior Living facilities right across the street. Fabulous office with lowest rent in the area (about $10/sq.ft.) within a high-traffic area. Best demographics in DFW area and supports high net revenues and the longer-term target market represent a sustainable patient base and room for expansion, if desired. Business is currently run with an absentee owner, Hearing Specialist and Office Manager. The business produces very high margins and is SBA pre-approved.

We have built the BEST:

• Comprehensive end-to-end community relationship system built from ground up.
• Extensive list of community partners in all walks of senior care – Senior Centers, Physicians, Senior Living, Senior clubs, Cafes, Churches etc.
• Brand familiarity, every one knows us, seen us multiple times, every year, every month. Over $250K spent on marketing, 1000s of contact hours in community.
• Large base (over 1000 new) of referral customers with best referral rates (best referring customer referred 12 customers)
• Solid and Unique Physician program with many physicians referring and 100s more leads to harvest. We are a hearing health partner for Baylor Family Medicine system for most of their locations.
• Lowest cost of sales with more than 4 out of 5 customers from relationship sales.

Financial and Practice Highlights:

• Total NET Sales revenue for the last 4 years is over $2,500,000. Ripe for growing a million dollar practice.
• Average NET Sales for year is about $600,000+ with 6 digit cash flow (will be significantly more for owner operator).
• Single digit return rates, longest customer is 8 years old with system.
• 1000+ new customers, extremely happy and actively referring. Five Star Google ratings
• Marketing spend of $250,000 in last 4 years. (Spent heavy to build solid foundation and now enjoying really low cost of sales).
• Net units sold is over 2000, Unit ASP is about $1500 and has great potential to increase at least 30%.

QUALIFIED AND INTERESTED BUYERS ONLY.

Please email ATLURI@UMICH.EDU for more details with your interest and experience, qualified parties will be scheduled for visit and walk through.