Thursday, 5 October 2017

Multi-Unit Weight Loss Franchise - Mid-Atl & NE USA


Business Description:

Established over 13 years ago, these 6 operational locations plus 2 startup facilities are located in the Mid-Atlantic and Northeastern part of the US. The franchise services are provided by an independent physician employed by a medical practice and under applicable law is responsible for supervising and/or mentoring the program. The foundational elements of the program includes EMR software, diet methods, manuals, other services and intellectual property necessary to operate the business.

Growth & Expansion:

The franchise system allows for the efficient operation of its services, implementation and operation of its practice component as well as a platform for the sale of its products. The system includes: clinic management, accounting, distinctive business formats, uniforms, color schemes, methods, policies and procedures, system-common practices and processes, advertising, hiring, marketing designs, layouts, signs, product and service mixes, licensed or proprietary software, hardware and electronic devices, standards, specifications, treatment protocols and other system standards defined in their manuals all of which may improve, further develop or otherwise modify going forward.

Operational Strengths:
Business operations training to new owners, on-site manager and Medical Director are provided. Approximately 2-5 consecutive days of training are furnished at the franchisor’s designated training facility and/or at an operating business.

The Transaction:
Opened in 2007, these turn-key, Mid Atlantic locations contain over 22,000 square feet of leased space which expires 8/22 with 15-25 total employees. The Northeastern locations are 4600+ square feet with its leases expiring in 2021 and 2023. The sellers have decided to pursue other business opportunities and all offers from qualified buyers will be considered.

Financial Summary


2017 Est by Seller
2016
2015
Combined Revenue
$9.3 mil.
$8.2 mil.
$6.1 mil.
Combined Adjusted EBITDA
$2.1 mil.
$2.0 mil.
$1.6 mil.

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Mid-Atl & NE
Income Tax Forms
Yes
13
8011

Direct All Inquiries to:
Gottesman Company
Refer to:  S-2951-1 SJE
Tel: 212-330-8010     Fax: 646-434-4557