Listing ID: 80682
Business Overview
Profits up to $150k+, Asking Price $95k
This business is a specialized chiropractic office that provides very precise Upper Cervical care focusing on the Atlas (C1) correction as well as the full spine alignment. The business primarily focuses on putting the body back into a state of balance which allows it to heal itself. In addition, this business utilizes the most state-of-the-art technology for examination and digital x-rays analysis and it is the largest Upper Cervical practice in the entire state of Hawaii.
– Revenue Sales averaging $450k+ (FY21)
– Cash flow $150k+ (FY21)
– Physical Assets worth $64k+
– Marketing systems in place and organized
– Online average review ratings of 4.4 stars
– Most recognizable and desirable business location in downtown Honolulu (Oahu Island)
– Owner commits to 1-on-1 training for up to 2 months and will continue to offer virtual consultation free of charge
– Shares a significantly large share of the market than any other upper cervical practice
– Top producing offices in the Chiropractic profession in the entire state of Hawaii
The owner will assume the lease term.
This business is suitable for a practitioner who already has an established business looking to grow or someone who is a self-starter and would like to become an owner-operator practitioner.
Asking Price: $95,000
Financial
- Asking Price: $95,000
- Cash Flow: $150,000
- Gross Revenue: $450,000
- EBITDA: N/A
- FF&E: $64,216
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Training up to 2 months, thereafter, virtual consultation, free of charge.
The owner is relocating due to family urgency.
Additional Info
The company was started in 2011, making the business 11 years old.
The business has 2 employees and is situated in a building with disclosed square footage of 5,000 sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the true reason vs the one they say to you may be 2 absolutely different things. For instance, they might claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is really crucial that you not rely totally on a vendor's word, yet instead, make use of the vendor's answer in conjunction with your overall due diligence. This will repaint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too small. 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 additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new consumers? Often times, companies have repeat customers, which develop the core of their day-to-day profits. Certain aspects such as brand-new competitors growing up around the location, road construction, and employee turn over can influence repeat clients and also negatively influence future revenues. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the local median home earnings impact future income potential?
