Listing ID: 83383
This busy and well-established Chiropractic Care and Wellness Practice has been profitable and growing year after year. With very limited competition and a highly desirable and visible location, it captures the majority of patients interested in chiropractic care in the area. Offering various services to patients including: Chiropractic Care, Corrective Exercises, Lifestyle Advice, Nutritional Counseling, Massage Therapy & Spinal and Posture Screening. The practice is located in a beautiful coastal Maine community, providing the small-town feel while still offering a reasonable commute to Portland, Augusta, Brunswick, Rockland etc.
· Price: $189,000
· Down Payment: $154,000
· Sellers Discretionary Earnings: $
· Total Sales: $
· Location: North of Portland
· Inventory: $0
· FF&E: $0
· Year Established: 2000
· Reason for Selling: Owner is relocating
Category: Medical Chiropractic
- Asking Price: $189,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. Nonetheless, the genuine factor and the one they say to you may be 2 totally different things. As an example, they may claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other factors. This is why it is really crucial that you not rely absolutely on a seller's word, but instead, use the vendor's answer combined with your general due diligence. This will repaint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be met or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new customers? Often times, companies have repeat customers, which create the core of their daily earnings. Certain variables such as brand-new competition growing up around the location, road construction, and also personnel turn over can impact repeat customers and negatively affect future earnings. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the opportunity to develop a returning client base. A final idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood mean house income effect future earnings potential?