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Fast Growing Medical Group Offered In Cyprus For Sale

In All Towns, Cyprus
Asking Price:
€8,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€7,700,000
Cash Flow:
€2,900,000

Medical Group Offered For Majority Sale - Cyprus

Rationale for Offer

The Medical Group (the “Group”) is well established and profitable with a track record dating back to 1996 and to 2009 as an incorporated entity in Cyprus. In recent years the Group has achieved very high growth rates with respect to the range of services offered, turnover and profits. However, due to strictly personal circumstances, the prime movers are not in a position to commit the time and effort required henceforth to maintain these high growth rates.

Therefore, an opportunity is presented to suitable investors to acquire a majority interest in the Group, capitalize on the solid groundwork already laid down and achieve extraordinary growth.

Desired Investors’ Profile

New investors will be expected to take full Management control and devote the time and energy needed to take the Group to the next level. Current prime movers will provide support and training, otherwise they are ready to take a “back-seat” as minority shareholders, unless of course an outright acquisition is agreed. In the case of an acquisition for anything less than 100%, investors will need to demonstrate their ability to effectively manage and grow the business, either by virtue of their track record/experience or their existing business network, preferably both.

Business Basics

The Group offers a wide range of mainstream and alternative medical treatments, as well as anti-ageing/ rejuvenation treatments. Its client base is to a large extent based on incoming medical tourism, however international licensing and joint ventures have started with huge further prospects to achieve rapid expansion.

The Group is uniquely positioned within the domestic (Cyprus) market, as it enjoys a virtual monopoly for certain highly specialized medical treatments, but also in the international market, as it’s the exclusive licensee outside the Americas of cutting-edge treatments developed by a USA-based stem cell & biotechnology firm.

An indicative list of treatments offered is shown below:

Embryonic-type Stem Cell treatments (as of March 2019)
Hyperbaric Oxygen Therapy
Ozone treatments
Lymphatic Drainage de-tox
Cryotherapy
Deep Infra-red Sauna,

and many more

The Group operates three medical facilities in Cyprus and has recently acquired a majority interest in a Danish cosmetic surgery company. All facilities are leasehold.

Indicative Valuation:
The consistently high growth rates of the Group, together with the lucrative prospects of the new Stem Cell line of business, present considerable challenges in arriving at a fair value. Shareholders are reasonable in their expectations, aiming to achieve a valuation based on the average of actual 2019 results and well documented 2020 projections. EBITDA is well on track to reach €850.000 in 2019 and is expected to exceed €2,9 Million in 2020.

A valuation of €8 Million for 100% of the Group is expected, with suitable adjustments for smaller percentages. Deal terms, such as timing of payments, will also impact the final price-tag.

A detailed Offering Memorandum is available for suitably qualified investors, subject to signing a Confidentiality Agreement.

Property Information

Real Estate:

Lease

Lease Terms:

All facilities have long-term, secure leases.

Leasehold Rent:

€72,240 per annum

Location:

The Group operates from 3 locations in Cyprus and has recently acquired a majority in a clinic in Denmark

Premises Details:

All premises are leasehold and fully equipped to perform a wide range of treatments & therapies. Details of premises to be provided to seriously interested investors.

Size in square feet:
n/a
Planning Consent:

There are several properties, all have the required planning consents

Business Operation

Expansion Potential:

The Group has been growing at high rates over the last 3 years, but growth is accelerating now very fast due to the acquisition of the US franchise and the possibilities it opens for sub-franchising internationally.

Competition / Market:

The Group is the sole franchisee of a USA-based Health Care organization for the whole of Europe and is expected to soon extend its territory to several SE Asia countries.

Within Cyprus, it enjoys a virtual monopoly on several high technology treatments.

Reasons for selling:

The high growth rates of the Group demand 100% commitment. One key person should have retired 3 years ago, while the other key person has other businesses which do not allow him to devote the time needed to grow the Group. A new majority owner is needed who will commit to growing the business.

Trading hours:

some facilities operate 24/7 as they handle emergencies, other during normal office hours

Employees:
35
Years established:
23

Other Information

Support & training:

The two Executives & shareholders will provide extensive training and support for up to 1 year. In the case that they will retain a minority, they will continue support in an advisory capacity

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Shareholders may facilitate a sale in various ways, terms to be negotiated

Furniture / Fixtures value:
€900,000 - included in the asking price
Inventory / Stock value:
€30,000 - included in the asking price
Relocatable:
This business can be relocated.

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