History and Overview Of The Business
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| Fully describe the business's activities |
Alcohol and drug rehabilitation and recovery centre with inpatient and secondary care
The recovery centre is well known and respected and as a result in high demand with the various service providers and clients. They have been established for thirteen years and developed an enviable reputation during that time.
The business is well-staffed with most staff having been with the business for longer periods of time.
In addition to a large base of clients, growth is mainly by word of mouth between clients as well as service providers that refer clients to the centre, as a result, the owner really does not have to do any advertising.
They have their Practice Number facilitating reimbursements by the medical schemes, then also the appropriate license for a Recovery Centre is also in place. |
| When was the business established? |
13 Years ago |
| How long has the owner had the business? |
13 Years |
How Does The Business Operate
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| How does the business operate on a daily basis |
The business well staffed and while the owner is involved in the business, this does not preclude the owner from going on leave for extended periods with the staff performing all the required functions to run the centre. |
| How are the clients attracted to the business? |
The services offered, referrals by hospitals and various medical practitioners. Due to its excellent reputation there is also a substantial word of mouth referral taking place |
| What Advertising/Marketing is carried out? |
The centre has its own very nice website describing the services offered by the rehabilitation centre as well as its location, the bulk is but referral and word of mouth. |
| Does the business have any contract work? |
Various hospitals and clinics |
| What competition exists? |
Various other rehabilitation centres also operate in this space |
| Seasonal Trends? |
There are no seasonal trends as there is a constant demand for the services |
Financial Information
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| Vat Registered? |
No |
| Vat Documentation on File? |
Not registered |
| Management Accounts? |
Yes |
| Audited Financials? |
AFS 2021 |
| How can you improve the profitability? |
Grow outpatient and aftercare |
Staffing Of the Business
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| What is the total number of Staff? |
Seven staff |
| Staff Breakdown |
A full break down will be made available to qualifying buyers |
| Staff Special Perks and Bonuses? |
None |
| Does any of the staff have management potential? |
Yes, at least two staff members assist and get involved in management |
Premises Of the Business
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| When Does the Current Lease ends? |
The current lease ends October 2021 |
| Is there an option to renew? |
Yes, year to year lease is available |
| What is the annual escalation % |
10% |
| What are the Trading Hours? |
The centre operates 24 hours a day as is normal for these businesses |
| Is a copy of the lease available? |
Yes to qualifying buyers |
| Do You require a license? |
Yes the appropriate license to run such a facility, will be discussed with qualifying buyers though likely the buyers will know what is required |
Assets Of The Business
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| Full Asset List available? |
Asset list will be prepared for qualifying buyers |
| What is condition of the assets |
Good condition |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
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| STRENGHTS |
The business has a practise number for claims from medical schemes
Reputation in the marketplace with both professionals and clients
Staff in the business |
| WEAKNESSES |
Exposure to potential Covid positive people |
| OPPORTUNITIES |
There are various avenues of opportunity that can be explored that will be discussed with qualifying buyers |
| THREATS |
None identified |
Summary
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| Why is this a good business |
This is a well-established business with an excellent reputation in the marketplace. Medical professionals are keen to refer patients to the facility and they have their pick of which patients they will accept. |
| Why is the owner selling it? |
The seller will be immigrating |