Listing ID: 82652
The Chiropractic business has a great reputation and many loyal clients. This office specializes in the Gonstead technique for quality chiropractic care. Seller states that income could be increased by being open 5-6 days per week and advertising. Area not only provides for a good income potential but also a lifestyle area that is unsurpassed. For additional information please contact listing agent Quin Rasmussen at 406-431-6260 or email@example.com.
- Asking Price: $140,000
- Cash Flow: $23,075
- Gross Revenue: $113,421
- EBITDA: N/A
- FF&E: $35,100
- Inventory: N/A
- Inventory Included: N/A
- Established: 1978
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,332
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,332 square feet with a Total Rent of $1,200. Seller is active in the business with 1 FT employee and 1 PT employee. Hours of operation are 8:30 AM to 5:30 PM, Monday - Wednesday, Friday. $35,100 in FF&E included in Asking Price. Chiropractic License Required.
The company was started in 1978, making the business 44 years old.
The company has 2 employees and is located in a building with disclosed square footage of 2,332 sq ft.
The property is leased by the company for $1,200 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. However, the true factor and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is very vital that you not count absolutely on a seller's word, however instead, utilize the seller's response together with your overall due diligence. This will paint an extra realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too tight. Lots of companies fall into 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 think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new clients? Often times, businesses have repeat consumers, which form the core of their daily revenues. Specific factors such as new competition sprouting up around the location, roadway construction, and also staff turnover can impact repeat customers and negatively impact future profits. One important point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the greater the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Exactly how might the local average house income impact future income potential?