Listing ID: 76363
The business for sale consists of leading health professionals that are dedicated to helping patients achieve wellness objectives by providing chiropractic, acupuncture, Chinese medicine, massage, exercise therapy, and sales of orthopedic and vitamin supplements. High-end equipment is included in the sale. The industry continues to grow as more people turn to alternative health care providers instead of traditional medical providers. The practice is a preferred provider for most insurance companies operating in Colorado and is located in one of the most high-income areas. The office is specifically designed for an alternative health care office and has room for an additional provider. THE REAL ESTATE IS AVAILABLE FOR PURCHASE AS WELL AS THE PRACTICE!
It is a great time to take this business to new levels with tons of growth opportunities available!!
Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
- Asking Price: $98,000
- Cash Flow: $73,735
- Gross Revenue: $438,310
- EBITDA: N/A
- FF&E: $65,975
- Inventory: $4,068
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Condominium in office building with 1,950 sqft.
The deal shall include inventory valued at $4,068, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. Nevertheless, the real reason and the one they say to you may be 2 totally different things. For instance, they might claim "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or an array of other reasons. This is why it is very vital that you not depend completely on a vendor's word, but rather, make use of the seller's answer together with your general due diligence. This will paint a more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new consumers? Often times, companies have repeat customers, which form the core of their daily profits. Particular elements such as new competition growing up around the area, road construction, as well as employee turn over can impact repeat clients and adversely impact future revenues. One vital point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to build a returning consumer base. A last thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the local median home income effect future earnings prospects?