Listing ID: 81047
Business Overview
Financing Approved! Growing cash practice with 59% recurring revenue. Runs like a well-oiled machine for a new doctor to step right in. Staff is well trained and efficient. Equipment includes new Lloyd Drop Table, (2) Decompression Tables, (3) Chattanooga Combo Stim and an Ultrasound.
$283,660 revenue in 2021 for this single practitioner practice using diversified, activator, and drop table techniques. This ultra-successful practice is a profit machine adding over 400 new patients for the past three years! Super Low Overhead. This is the practice every chiropractor dreams of; High Profit, Low Overhead, Cash Pay Patients Only, 59% Recurring Revenue.
? For quickest response to your inquiry, please call listing broker Larry Goldstein (RE# S.0188852; Business Broker Permit# BUSB.0007059) at 702-546-8844 or email larryg@fcbb.com.
Financial
- Asking Price: $175,000
- Cash Flow: $160,734
- Gross Revenue: $283,660
- EBITDA: N/A
- FF&E: $29,500
- Inventory: $1,200
- Inventory Included: Yes
- Established: 2015
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,780
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1780 square feet with a Total Rent of $1,800.73. Lease ends 07/2025 with a two 5 year lease options. Seller is active in the business with 5 PT employees. Hours of operation are T 10:30 - 6:30 / W 6:00 - 1:00 PM / Th 10:30 - 6:30 / F 6:00 - 1:00 PM / S 7:00 - 12:00. $1,200 in Inventory and $29,500 in FF&E included in Asking Price. $13,600 made in Leasehold Improvements. Chiropractic Medical License Required
2 weeks
Moving out of state
Additional Info
The business was established in 2015, making the business 7 years old.
The transaction will include inventory valued at $1,200, which is included in the requested price.
The company has 5 employees and is located in a building with estimated square footage of 1,780 sq ft.
The real estate is leased by the business for $1,801 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. However, the true reason vs the one they tell you might be 2 totally different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a range of various other factors. This is why it is really crucial that you not depend absolutely on a vendor's word, but rather, use the seller's solution together with your total due diligence. This will repaint a much more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover points such as supplies, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new consumers? Often times, businesses have repeat consumers, which form the core of their everyday profits. Specific aspects such as new competition sprouting up around the location, road building, and staff turnover can affect repeat consumers and negatively impact future incomes. One essential point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the regional typical home income influence future revenue prospects?
