Listing ID: 74881
After a long successful run, the owner of this naturopathic clinic with over 8,300 patients and 2,088 annual encounters desires to transition toward retirement. Founded in 1989, this highly regarded naturopathic clinic is a legacy business within the greater Bay Area communities. They utilize evidence-based medicine and combine 30 years of clinical practice to provide the most complete and comprehensive care available.
· Naturopathic medicine,
· Acupuncture & TCM
· IV nutrient therapy.
· Vitamin injections.
· Men’s wellness exams.
· Pain management.
· Smoking cessation
· Advanced lab testing
The practitioners offer expert care in functional gastroenterology; functional endocrinology; integrative primary care; cancer support; Bio HRT; allergies & asthma; autoimmune disease; naturopathic dermatology; acute & chronic pain & injury; environmental medicine, and healthy aging.
A rare opportunity for an entrepreneurial-minded naturopathic doctor or integrative medical doctor to own an established, highly respected naturopathic clinic.
? Turn-key business with administrative operations in place
? Established, active patient base drawing from decades of experience
? A website with over 45,000 unique visitors in 2020
? Marketing database with over 3,500 email addresses
? Seller and clinic administrator to provide seamless transition support.
The owner/clinic director is joined by two administrative employees and one part-time independent contractor naturopathic doctor. Additional staff could be added (dedicated acupuncturist, massage, more ND’s), as the office has lots of space to grow.
This turn-key is an opportunity for an ND or Integrative Physician to forego the years of setup, advertising, and promotion that it takes to build a solid patient base and reputation. Buying this business could allow a buyer to focus more on practicing medicine than worrying about the growing pains of starting a business. Step into a turn-key furnished office with patients already on the books. This opportunity may also appeal to an established naturopathic office as an opportunity to add an additional location while growing their client base.
- Asking Price: $195,000
- Cash Flow: $80,569
- Gross Revenue: $441,852
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1989
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,475
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The clinic has been in this highly desirable location for the past 23 years. This brick and mortar facility has a generous 2,475 square feet of space with no stairs, complete with a large waiting room, front office, staff lounge, in-clinic dispensary, large back office with tons of storage, and two restrooms. Nine private rooms, one is used as a business office and eight are practitioner offices and/or treatment rooms.
The owner is willing to stay on for smooth patient transition until May 2023, if needed.
Preparing for Retirement
Market leader with fantastic branding
Add additional providers, marketing, and services.
The business was started in 1989, making the business 33 years old.
The business has 2 employees and resides in a building with approx. square footage of 2,475 sq ft.
The property is leased by the company for $5,801 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the real reason vs the one they say to you might be 2 completely different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or a variety of various other factors. This is why it is very vital that you not rely entirely on a seller's word, but instead, make use of the seller's answer combined with your general due diligence. This will repaint 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. Many businesses finance loans in order to cover points such as stock, payroll, accounts payable, etc. Remember that in some cases this can mean that earnings margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new customers? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Particular elements such as new competitors sprouting up around the area, road building, as well as personnel turn over can impact repeat consumers as well as adversely affect future revenues. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the opportunity to build a returning customer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? How might the neighborhood mean house income impact future earnings potential?