Listing ID: 66629
Business Overview
Are you an aspiring Naturopath or Acupuncturist? Do you hold a Naturopathic Medicine (ND) license or National Certification Commission of Acupuncture and Oriental Medicine (NCCOAM)? If so, this is a great opportunity to start
or expand your business with the purchase of an Eastside (King County) Naturopath and Acupuncture practice.
A multiple decade preferred provider in the area, this business has provided a variety of needed and instrumental healthcare services in the form of Naturopathic and Acupuncture. In addition to these services, the practice provides their patients with care related to fertility, irritable bowel syndrome (IBS), menopause, thyroid, candida, food allergies and nutrition guidance.
This provider combines naturopathic medicine with acupuncture to treat most conditions. The staff and its professional providers practice general medicine with a focus on women’s health, fertility, autoimmune conditions, pain management, food allergies, and digestive system complaints.
The same doctor who founded is now selling. She has led the company to consistent financial performance with annual revenues of $305,306 in 2021. Despite COVID, her practice held strong with their 2020 finish of $317,148 up 10% over 2019 ($287,144).
The practice’s repeat patient business will help provide profit and cash flow immediately.
The sale is motivated by the seller’s interest in relocating out of the area. Current operating hours are from 10:00 a.m. to 4:00 p.m., Monday, Tuesday, Thursday and Friday. The owner fulfills the roles of executive management, staff relations and chief practitioner. She is supported by a single 0.5 part time office staff who enter and track appointments, insurance payments, account receivables, and bookkeeping.
The lead business broker at IBA for this business is Seth Rudin. Mr. Rudin can be contacted directly at (425) 454-3052 or seth@ibainc.com.
Financial
- Asking Price: $235,000
- Cash Flow: $150,000
- Gross Revenue: $305,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The seller will provide an appropriate amount of transition training/consulting to facilitate a smooth transfer of ownership.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. However, the real reason vs the one they tell you might be 2 absolutely different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in profits, or an array of various other factors. This is why it is really important that you not rely totally on a seller's word, yet instead, use the vendor's response in conjunction with your overall due diligence. This will paint an extra realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover items such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too tight. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new consumers? Most times, businesses have repeat consumers, which form the core of their daily profits. Particular aspects such as new competitors growing up around the area, roadway construction, and also staff turnover can impact repeat consumers and adversely affect future revenues. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? How might the local mean house earnings impact future income potential?
