Description

Value of 100% of the business: €7.5 million €4.5 million upon signing the contract + €3.0 million after an agreed period following the sale, contingent on achieving pre-agreed business performance metrics by 2016. For sale: a well-known and highly successful specialized laser surgery clinic in Germany. The clinic specializes in surgical procedures performed with lasers. The clinic is located in rented premises in the center of a large city in western Germany. It is equipped with patient rooms, diagnostic equipment, operating rooms, and state-of-the-art laser equipment. The clinic is fully staffed with 20 highly qualified personnel providing round-the-clock care for patients. 90% of the patients are German citizens. 10% are from other European countries. There is a real opportunity for business expansion: with the growing reputation of the clinic and without special advertising expenses, the number of patients continues to increase. This is supported by newspaper and specialized magazine articles, television reports (without the owners' initiative), recommendations from other doctors and health insurance funds. Most importantly, the excellent results of the operations and the reviews from former patients contribute to this. Consequently, the clinic’s occupancy rate, excluding holidays and vacation periods, is nearly 100%. On average, over the past few years, the clinic’s annual turnover has increased by 10-12% each year. EBIT (operating profit) was €1.4 million in 2012 and €1.8 million in 2013. The business’s economic success is confirmed by the German Medical Bank, an independent institution. The clinic is owned equally by two owners: the chief medical doctor and the financial director. Each owner receives an annual salary of €360,000. The sale is due to the impending retirement of one of the owners. Both owners will continue to work in their positions as employees with a salary to be agreed upon with the new owner. The value of 100% of the clinic’s shares is €7.5 million. The purchase price is paid in two installments. The first installment of €4.5 million is due upon signing the notarial purchase agreement. The second installment of €3.0 million is due after an agreed period following the sale, upon achieving the business performance metrics specified in the contract by 2016, which must be officially confirmed by the clinic’s results. Patient examination times and scheduled operations are consistently booked several months in advance. The success of the clinic is also significantly attributed to the expertise possessed by the chief medical doctor. As the number of patients increases, there is a need to expand the number of specialists. The chief medical doctor will train replacements over the coming years. More detailed descriptions and photographs of the clinic are not published due to the sellers’ conditions. The property can be visited at any time after arranging confidentiality formalities with us.