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CONFIDENTIAL SALE
FOR SALE
16/04/24
609830
154865 / Rightbiz
The company is a private general practice offering comprehensive medical services in the comfort of patients’ homes, with over 3,500 members across its geographical coverage area. It delivers a personalised and responsive service that provides its members with quick and accurate diagnoses and rapid implementation of effective treatment plans.
The company offers an unique operating model, with revenue primarily generated from monthly subscription membership fees. Members benefit from unlimited consultations (including home visits) from their dedicated GP and access to a 24/7 private out-of-hours duty doctor.
At present, the company covers a diverse area across central England, which includes several areas popular with the high-net-worth individuals who make up its core demographic.
The company generates and manages a significant number of private referrals to specialist consultants and allied health professionals across its geographical area and increasingly to London. It plays a central role in the selection of private hospitals, clinics and consultants to which its members are referred.
The company is being offered for sale to facilitate the shareholders’ exit to pursue other interests outside general practice. Offers invited.
Key Highlights
- Loyal and satisfied client base, primarily comprising adults aged over 50 with a high level of disposable income.
- ‘Good’ CQC inspection report, with ‘Outstanding’ for responsiveness. The company is a registered designated body with the General Medical Council.
- Has won a large number of national awards from prestigious industry and consumer bodies, including the LaingBuisson Award for Primary Care.
- Unique, proven business model and is in a strong position to scale nationally on a number of different levels and would strategically suit franchise/licensing expansion. Opportunities for scalability are tangible nationally and internationally.
- Strongly placed to leverage relationships within the private health sector providing synergies for an existing player to expand or for potential purchasers to monetise downstream revenue. The company instigates and directs over 3,500 private referrals annually, estimated to generate over £7m in resulting secondary care fees.
- In addition to organic growth, there are tangible opportunities for any purchaser to achieve exponential growth via securing private commercial contracts or NHS Contracts. Whilst the company is currently purely private, it is well placed to secure lucrative APMS contracts. It has a track record of securing and delivering both private / NHS contracts in the past.
- Experienced senior management team, with no operational reliance on shareholders.
- Operates from leasehold premises, which provide a permanent consulting space along with office and storage facilities.
Financial Highlights
- Turnover of £2.4m achieved in YE23.
- Adjusted EBITDA of £386k in the same year.
- Projected turnover of £3m for YE24, with an adjusted EBITDA of £411k.
- Turnover expected to rise to £3.6m in YE25 and £4.7m in YE26.
- Average gross profit margin of 51%.
- High level of regular, repeat and predictable income, with monthly subscription fees accounting for circa 80% of turnover.
- Has invested in planned growth, with sufficient current capacity to support an increase of over 80% in income through a minimal increase in COGS or overheads and new subscription monthly income rising by circa £4.5k pcm.
- Industry revenue is expected to grow at a compound annual rate of 3.6% over the next five years, reaching £18.7bn by 2029.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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