Business Overview

World-renowned chiropractic practice available for sale due to the planned retirement of the owner. This practice is known for its unique and highly effective methods and draws clients from the Houston area as well as nationally. The low overhead 100% cash practice allows for the practice to be highly profitable while operating on a part-time schedule. Very minimal advertising spend is required due to their reputation and marketing strategies implemented.

The owner is committed to ensuring a successful transition and is including up to 6 months of training in the asking price. This opportunity is ideal for an investor who is willing to hire a chiropractor or a chiropractor who would like to operate the practice and step into a highly profitable practice with a part-time schedule.

There are significant opportunities to grow the business by opening up for additional days, adding chiropractors, and adding additional services.

$2,656,000 asking price with seller financing, available on a case-by-case basis.

Contact us now through the ad or by contacting the broker directly at jason@truview business.com or calling (713) 714-7516 to obtain the link for the electronic confidentiality agreement and buyer registration. Upon completion of these forms, we will send you detailed information about the business for sale.

Financial

  • Asking Price: $2,469,000
  • Cash Flow: $829,908
  • Gross Revenue: $1,060,596
  • EBITDA: $729,908
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

Class A office building with free parking.

Is Support & Training Included:

The owner is offering up to 6 months of training and support included in the asking price and is committed to a successful transition.

Purpose For Selling:

Retirement

Pros and Cons:

Contact us to receive a Confidential Business Opportunity Report which will highlight the competition and strengths and weaknesses of the business.

Opportunities and Growth:

There are significant opportunities to grow the business including expanding operating days, adding chiropractors, and adding additional services.

Additional Info

The building is leased by the business for $3,150 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 completely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is very crucial that you not rely totally on a vendor's word, yet rather, utilize the seller's response along with your overall due diligence. This will paint an extra reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that earnings margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new consumers? Many times, operating businesses have repeat consumers, which form the core of their everyday profits. Particular factors such as brand-new competition growing up around the location, road construction, and employee turnover can impact repeat customers and also negatively impact future earnings. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the greater the opportunity to develop a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood typical family earnings impact future earnings prospects?