This well-established audiology clinic provides a 314% return on investment. In 2020, this clinic saw 267 new clients and has assisted 1,194 clients in the area since 2018 without any marketing.
The family-owned and operated clinic was established in 1984 and serves the East Texas region. The company provides audiology and hearing aid services for adults, including comprehensive hearing evaluations, hearing aid consultations and fittings, and special diagnostic tests. The current owners are the audiologist, who is responsible for all audiological diagnoses and instrument sales, and his business manager and spouse, who is responsible for accounting, post-sale patient support, and insurance claim management. The clinic draws patients from a 30-mile radius.
The clinic is located within a 2,300 square feet stand-alone building specifically built for a medical clinic is owned by the Seller. The facility includes two provider offices, a sound booth, three exam rooms, a waiting area, a reception area, a staff lounge, two restrooms, and two storage rooms. The clinic is open Monday through Friday from 9:00 am-5:00 pm by appointment and walk-in.
This audiology clinic is not tied to a physician or franchise, which gives the company freedom to be its own private practice and see clients as they wish. Some growth areas include adding a second audiologist, scaling the operations, changing the current pricing strategy, initiating a marketing campaign, developing nursing home contracts, and offering pediatric services.