Listing ID: 79478
North Palm Beach Acupuncture and Nutrition Practice for Sale. 23 year old established Acupuncture/ Nutrition Integrative multidisciplinary & Functional Medicine Practice collecting $155k in 2021. 300 active patients with emails for digital marketing. Revenue stream includes Functional Medicine Testing and In-Office and Online Nutrition and Herbal Supplement Sales. Seller enjoys Insurance contracts with Summit Healthcare, Optum-United Health, Medrisk, Prime, Cigna but during COVID 100% Private Pay. This is a low stress enjoyable practice. Shortened hours because of Covid. Great Demographics with an Ideal location to thrive in the community. Perfectly laid out facility. Low overhead. Experienced Staff.
- Asking Price: $125,000
- Cash Flow: $58,758
- Gross Revenue: $155,360
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Office Condo is available for sale with the business for $350k. 1079 sq ft. 2nd floor of an upscale shopping center.
Will train for 4 weeks @ $0 cost.
The company was started in 1996, making the business 26 years old.
The transaction shall include inventory valued at $3,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. Nonetheless, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a range of other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, however instead, use the seller's solution together with your total due diligence. This will paint a much more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too tight. Numerous companies 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 commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new consumers? Often times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Specific aspects such as brand-new competition sprouting up around the location, roadway construction, and also staff turn over can influence repeat clients and also adversely influence future earnings. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the opportunity to develop a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical household income impact future earnings potential?