Gross Annual Revenue: $3.2M
Seller Discretionary Earnings: $1M
Current Cash Flow: $861,865
Unlock the potential for prosperity with an esteemed Audiology corporation nestled in one of the vibrant medical communities in CA. Established with a commitment to excellence, this thriving practice presents a golden opportunity for passionate Audiologists seeking to step into a rewarding journey of professional success.
The current owner spends 10 hours per week at the clinic due to semi-retirement. With a gross revenue of $3.2 million and an impressive cash flow of $861,865, this well-established and reputable practice dating back to 2001, has earned a stellar reputation for delivering exceptional audiological care, cementing its status as a trusted name in the industry and stands as a beacon of financial prosperity in the audiology sector.
Seamlessly transition into ownership with included contracts, referral sources, bank accounts, and accounts receivables and benefit from comprehensive seller transition support to ensure a smooth handover. Benefit from the expertise of the visionary behind the practice, the current owner/audiologist, who is happily willing to remain in a consultant role as a part-time employee to make for a successful and seamless transition. Enjoy access to comprehensive training, consultation, and written protocols. The staff, which includes 3 audiologists, 3 hearing aid dispensers, 1 patient coordinator, and 9 support staff are willing to remain on for a smooth turn-key transition. The support staff is provided through an exclusive management services organization, which handles employees, schedules, accounting, billing, and payroll.
Despite running at less than 50% capacity due to the owner’s limited hours, this successful Audiology practice boasts extreme potential for elevated income. Leverage the existing infrastructure and referral network to maximize profitability.
Located in a prime spot, the practice receives approximately 400 referrals per month from the surrounding medical communities. There is a backlog of approximately 1248 audiograms that are not being serviced due to the four-month wait time for appointments which leaves a massive potential for growth and expansion. The practice is currently performing 312 audios per month. There is ample room for expansion, including transitioning to shorter appointment times, expanding service offerings, hiring more audiologists, and venturing into private hearing aid sales.
From comprehensive diagnostic evaluations to pediatric audiology and tinnitus evaluations, the audiology practice’s two clinics, adjacent to big medical hospitals, offer a wide array of services to cater to diverse patient needs. Services include comprehensive diagnostic audiological evaluations, pediatric audiology, tinnitus evaluations, evaluation and fitting of protective hearing devices, fitting and sales of hearing aids (resulting in 3,295 hearing aid sales in 2023 alone), fitting and sales of musician earplugs and monitors, and hearing aid repair services. Audiograms account for 14.48% of total income, hearing aids, and misc. sales account for 83.29% of total income.
Experience the unparalleled satisfaction of striking a harmonious balance between professional success and personal fulfillment. Join a legacy of prioritizing quality time with family and enjoying the fruits of your labor as an owner of this family-centric, well-established audiology practice. Secure 100% ownership of this S-Corp entity poised for continued growth and prosperity in the dynamic audiology landscape of California, stepping into a world of boundless potential, where every day brings new opportunities for growth, fulfillment, and success.
100% Bank Financing Available with approved credit. Please inquire.
For details on this medical practice opportunity for sale or information on How To Sell Your Medical Practice, please call 512-659-0643 or email: info@tinsleymedicalpracticebrokers.com.
Medical Practice Brokerage, Performance Consulting and Financing Solutions
This medical practice for sale opportunity is offered by Tinsley Medical Practice Brokers, a medical practice appraisal, medical practice brokerage, medical practice performance consulting and medical practice financing firm. Our group is a leader in physician consulting, business development, financing solutions and medical practice valuation and pre-and post-transaction consulting. For more information:
Sean Tinsley
Tinsley Medical Practice Brokers
http://tinsleymedicalpracticebrokers.com
info@tinsleymedicalpracticebrokers.com