Listing ID: 76521
Business Overview
This practice is a multi-modality health center leading with chiropractic care, acupuncture, massage, and more. Its mission is to help people combat and find relief from many health challenges naturally. This practice offers many treatment specialties under one roof that can address patient/client needs. The sellers founded and have run this practice for over 20 years, and now wish to sell as they transition into retirement.
This natural health center and its location are ideal acquisitions for those looking to help clients overcome today’s many health challenges. From building stronger immune systems, relieving chronic pain and using a multi-modality approach to help clients overcome many of today’s illnesses, this opportunity provides immediate cash flow and a well-positioned investment to capitalize on the growing need for complimentary holistic health care options in the marketplace.
In the last few years alone, the center has developed a base of over 6,500 current patients/clients with an average of 600 to 700 office visits per week utilizing the diverse services this health center provides. There are over 30,000 patients in the database available for a new owner to boost their business through expanded market reach.
The business and its real estate (both owned by seller) are included in this offering. The 3,600 sq. ft. professional office building is a free-standing facility on a corner lot, with an 18-suite layout and an oversize 40-car capacity parking lot. The building, originally built in 2002 as a fast-food restaurant, has been especially re-designed for such a health center, is well-built and beautifully designed.
The location is near several hospitals and many medical facilities, a large shopping district which is in a newer town center, right near an Interstate exit. Average household income is $250,000 with an average home price of $833,00. The facility is open year-round, seven days a week and employs 12 to 20 W-2 employees along with seven independent contractor tenants.
The new owner will enjoy a healthy lifestyle, profitable business, and be able to own one of the very few pad sites available in this prime Denver submarket. If this is your dream, we look forward to hearing from you.
Contact us, register with us, sign our NDA and receive our confidential Offering Summary on this extraordinary one-of-a-kind opportunity!
Financial
- Asking Price: $2,700,000
- Cash Flow: $459,948
- Gross Revenue: $1,684,948
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1998
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,600
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
The 3,600 sq. ft. professional office building is a free-standing facility on a corner lot, with an 18-suite layout and an oversize 40-car capacity parking lot. The building, originally built in 2002 as a fast-food restaurant, has been especially re-designed for this type of center, is well-built and beautifully designed.
Seller open to on-going employment opportunities with a new buyer for multiple years post sale.
One of the Owners is looking to retire
There are few competitors combining many modalities under one roof. There is a real opportunity for a complimentary professional to have a very effective and profitable wholistic health center here.
The business has been stable and steady and well-loved for years. It is ideally ready for a new owner. The sellers have built a great platform of high reputation, skilled personnel and business volume to guaranty an exciting start for a new owner.
Additional Info
The business was founded in 1998, making the business 24 years old.
The company has 13 employees and resides in a building with disclosed square footage of 3,600 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is very crucial that you not count completely on a vendor's word, however instead, use the vendor's solution along with your overall due diligence. This will repaint a more sensible picture of the business's current 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 offer. Many businesses borrow money in order to cover items like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new clients? Often times, companies have repeat consumers, which develop the core of their daily earnings. Specific factors such as new competition growing up around the area, road building, and personnel turn over can impact repeat customers as well as negatively impact future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the greater the opportunity to build a returning client base. A last idea is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the neighborhood average home income effect future income prospects?
