Listing ID: 69880
Business Overview
Repeat Clientele | Great Location | Multitude of Services Offered
Highly desirable NWA chiropractic facility with excellent 20+ year established clientele. This practice has a great reputation in the area and is poised to continue to grow with the expansion the local region is experiencing. With the benefits of multiple modalities being offered, the clientele come to appreciate the holistic approach to wellness and healing.
This business has a great history of success with decades of experience backing their reputation. Yet, it’s retirement time for the current owner and an incredible opportunity to operate this standalone chiropractic practice as it is now, or a great location to add to the growing medicine market.
Services offered by this business are multi-disciplined and include acupuncture, physicals, adjustments, headache treatments, alternative healthcare, fertility treatments, massage therapy, advanced decompression therapy, and many more.
Financial
- Asking Price: $425,000
- Cash Flow: $161,138
- Gross Revenue: $1,030,119
- EBITDA: N/A
- FF&E: $137,418
- Inventory: $6,800
- Inventory Included: Yes
- Established: N/A
Owner willing to train for negotiable timeframe
Retirement
Additional Info
The deal shall include inventory valued at $6,800, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell companies. However, the true reason and the one they say to you may be 2 completely different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or a range of other factors. This is why it is extremely crucial that you not rely completely on a seller's word, however rather, utilize the vendor's answer along with your total due diligence. This will paint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover points like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that revenue margins are too thin. Many 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 additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new consumers? Often times, businesses have repeat consumers, which form the core of their day-to-day earnings. Particular factors such as brand-new competition growing up around the location, roadway building and construction, as well as personnel turnover can impact repeat clients as well as negatively influence future earnings. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the opportunity to develop a returning client base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical household earnings impact future revenue prospects?
