Listing ID: 83479
This well-established fully equipped Chiropractic Center with Real Estate options in Falmouth Maine is a great opportunity for someone to start their own practice with a running start, and for less than the cost of starting from scratch. The current owner has been working part-time hours (but making an excellent full-time income!) so lots of potential to grow. The practice enjoys an excellent reputation with a very loyal clientele. Owner would be very willing to remain involved in the practice and assist in the transition. The office has plenty of free parking and convenient access for patients. The seller owns the 2100+ sqft unit and will lease it back at the market rate or may entertain selling the commercial condo as well.
The Chiropractic Center is located in a beautiful coastal Maine community, providing the small-town feel while still offering a reasonable commute to Boston, Portland, Augusta, Brunswick, Old Orchard Beach etc. Maine offers plenty of outdoor activities, including hiking, fishing, kayaking, and much more!
Non-disclosure Agreement is needed for more information.
Listing price $375,000
Discretionary Income: $135,000
Years in Business: 30+
Number of Employees: 4
Reason for Selling: Retirement
- Asking Price: $375,000
- Cash Flow: $135,000
- Gross Revenue: $320,000
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The deal will include inventory valued at $2,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. Nonetheless, the true reason vs the one they say to you may be 2 totally different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is extremely essential that you not count absolutely on a seller's word, yet instead, utilize the seller's solution along with your total due diligence. This will paint a much more practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover things such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that profit margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new clients? Often times, companies have repeat consumers, which develop the core of their everyday revenues. Certain elements such as new competitors sprouting up around the area, road construction, as well as employee turn over can impact repeat customers and negatively influence future revenues. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to develop a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Exactly how might the local mean home earnings impact future revenue prospects?