Summary
Unique opportunity to own a lucrative, all cash clinic specializing in functional medicine, weight loss, regenerative therapies and noninvasive medical aesthetics in Cary, North Carolina.
This is a prosperous, well-known, and highly profitable age-management medical practice that has been thriving in the most affluent part of the state for almost a decade. With an open-minded, health-conscious population, years of consistent business and huge patient demand, the opportunity for an abundant practice is available from day one. Imagine earning over $1,000,000 per year without changing a thing. The reputation and history of this practice, along with its top Google-ranking and online reviews, keeps a steady flow of new patients streaming in. A beautifully remodeled office, exceptional employees and electronic efficiencies will help you transition into this new opportunity. Add more hours or more practitioners or do some marketing and you have the chance to add even more abundance to an already flourishing practice.
Whether you are a practitioner who is just starting out, an established clinician with some years under your belt, or a businessperson who knows a great opportunity when they see it, this opportunity offers you the chance to hit the ground running. Step into this rare, once-in-a lifetime, turn-key opportunity to run the practice of your dreams in one of the most historic, tranquil, and gorgeous areas in the country. Located between Raleigh and renowned Research Triangle Park. Money Magazine named Cary the hottest town in the East and one of the six Hottest Towns in America. Cary was also recognized as one of the Best Small Cities in America. The city has one of the highest median household incomes in the state and is within 20 minutes of Duke, North Carolina State, and the University of North Carolina. Though Cary’s population is just under 170,000, the clinic is easily accessible to about 3 million people who come from all over the Raleigh-Durham Metropolitan Areas.
The clinic is located in a mixed-use building with abundant parking and easy access to major interstates connecting surrounding communities. The 6,000+-square-foot newly renovated space consists of a large reception and front office area; 6 exam/treatment rooms; 3 triage rooms; 2 consultation rooms; 4 offices (one a suite with a private gym and bathroom); a large back office; a staff lounge; an event space for up 28 people; an IV therapy room; a lab; a laundry closet with washer and dryer; and 4 patient-accessible bathrooms.
The clinic is in its third year of a six-year lease, with an option for another six years at very favorable lease terms. The landlord is willing to transfer the lease or start a new one and the current owners will facilitate interaction with the landlord in order to secure favorable lease terms.
Modalities Utilized
Using a functional medicine approach to total health through proven anti-aging therapies, medical weight loss programs, and medical aesthetics. The clinic has a number of medically assisted weight loss programs for everything from simple weight loss to treatment for food addictions. It also has a wide variety of anti-aging treatments for men and women, including (but not limited to) Bio identical Hormone Replacement Therapy, Hormone Pellet Therapy, IV Therapy, and Peptide Therapy. Medical aesthetics is a field made up of cosmetic treatments that are designed to help improve one’s physical appearance by treating several conditions including wrinkles, acne, sunspots, cellulite, scars, cellulite, skin discoloration, and the natural signs of aging. Non-invasive aesthetic treatments offered include Botox, BodyFX body contouring, micro needling, dermal fillers, laser hair removal and more. Intravenous therapy is also offered. It has been proven to facilitate recovery from surgery, improve athletic performance, boost energy, support the immune system, fight oxidative stress, and can help treat a variety of health conditions.
Patient Demographics .
Given the clinic’s focus on anti aging medicine, a majority of patients are between 35-65 years old, and about 60% are women. The number of patient visits per day varies seasonally, and pre-COVID numbers were from 25-50 patient visits per day. One hundred percent of revenue is collected at the time of service—the practice does no insurance billing whatsoever. Many patients are repeat customers, and most learn about the practice through word of mouth or the clinic’s exceptional web presence and online reputation sites like Yelp and Google. Most come from communities within 25 miles of the office.
Upon purchase, the new owner will receive all medical and aesthetic procedure equipment in addition to any supplies and pharmaceutical inventory. The current owners will also transfer to the new owner all clinic-related intellectual property, including the clinic phone numbers; website and social media; logos and identifying information; patientNOW EMR, scheduling and patient communication system; mass email software; and clinic-related financials. In addition to the owners, the practice also employs a Physician Medical Director who does not usually treat patients; a Nurse Practitioner who handles all medical care; and three Medical Assistants who triage patients, work the front desk and do other miscellaneous tasks. The Medical Assistants as well as the two owners are W-2 employees while the rest are independent contractors who receive 1099s. The clinic is in ttits third year of a six-year lease, with an option for another six years at very favorable lease terms. The landlord is willing to transfer the lease or start a new one and the current owners will facilitate interaction with the landlord in order to secure favorable lease terms. The current owners’ goal is to sell the practice in 2023. They would be willing to stay on for a limited time to assist in the transition if so desired by the new owner.
Opportunities for Growth
While the current practice nets a healthy return, a motivated buyer could significantly increase their income upon acquisition through a number of simple changes.
