SOLD $800k: World-Renown Plastic Surgery Practice
About The Opportunity
- Established in San Diego since 1976, this highly successful practice is one of the most respected plastic surgery centers in San Diego.
- Focusing primarily on cosmetic procedures or aesthetic surgeries with robust, loyal and affluent clientele accustomed to paying higher rates.
- High client return rate, consistent referrals and an excellent reputation, which even extends internationally.
- Tenured and high-caliber staff operating out of modern facility inclusive of two fully-equipped operating rooms.
- Seller wanted to retire.
Other Important Information
Noteworthy Transaction Points
- Transaction took over a year to sell due to the Seller having to shut down his practice for Covid. Ultimately closed in August 2020 (still amidst the pandemic).
- Acquired by a larger medical practice who was looking to expand and grow their client reach.
- Buyer expects to grow the new entity and sell it for a higher multiple.
- Seller received an excellent employee package post-close along with equity in the new entity.
Volume of Buyer Interest
- ECG utilized the Exio platform for marketing with a video CIM.
- Business was marketed to over 2,500 potential buyers.
- ECG corresponded with 41 buyers, of which 34 signed an NDA.
- Received three LOIs and ultimately settled on the best acquisition match for the Seller.
Be The First To Know
Tell us the kind of business you are looking to buy and we will keep you up to date on opportunities.