Listing ID: 77403
This profitable and beloved Chiropractic practice has been in operation for over 35 years with some patients coming in for over 30 years! It is located in a highly affluent area and has a great location where you will share facilities with another Chiropractor. This Chiropractic, health and wellness practice has been built off of hard work, principles and a true caring for the patients, resulting in a warm and inviting environment that is ready for a new doctor to step in or a doctor looking to re-locate to an affluent area like Westlake Village. This whole-family-oriented practice is focused on helping patients understand health and wellness and living to their potential.
- Asking Price: $45,000
- Cash Flow: $52,288
- Gross Revenue: $146,081
- EBITDA: N/A
- FF&E: N/A
- Inventory: $300
- Inventory Included: Yes
- Established: 1984
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 2,403 square feet with a total monthly rental of $2,583. The seller is active in business with 1 FT and 1 PT employee. Hours of operation are Mon-Sun, 8am-5pm. Included in asking price are $300 in inventory.
Retiring and moving out of state
The venture was founded in 1984, making the business 38 years old.
The sale shall include inventory valued at $300, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. However, the real factor vs the one they say to you may be 2 completely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competitors, recent reduction in profits, or an array of other reasons. This is why it is really important that you not count absolutely on a seller's word, yet instead, utilize the vendor's solution along with your overall due diligence. This will paint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover things like supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that profit margins are too small. Lots of businesses fall into 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 think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new clients? Many times, operating businesses have repeat consumers, which develop the core of their daily profits. Certain elements such as new competitors sprouting up around the area, road construction, as well as personnel turnover can influence repeat clients and also adversely influence future revenues. One important point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean household income influence future income prospects?