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Santa Clara County, California
Asking Price
$275,000
Revenue
$1,050,236
Down
$275,000
Cash Flow
$195,748
Name: M. Nikoo
Phone: Show phone number
Name
M. Nikoo
Phone
Show phone number
Posting ID:
286797
Attributes:
Broker Cooperation
Existing Franchise
Semi Absentee Run
Training And Support
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Orange County, California
Full Service Salon And Day Spa
$ 175,000
CF : $ 84,000
You have to see this salon and spa to truly appreciate all that it has to offer! Located in a busy Orange County center, this salon was established 20 years ago and has a very loyal, affluent clientele! The salon, which was recently remodeled, has a unique floor plan and style, featuring 15 hair stations, 6 shampoo bowls, 3 dryer stations, 3 fully-plumbed facial rooms, 2 waiting areas, and 2 bathrooms, one of which is equipped with a shower. There is also room to add 2 more hair stations, and 2 manicure stations. In addition, there are 2 storage areas for the stylists, a locked storage room for the owner, plus a private office near the reception area. A covered patio in the back of the salon offers a relaxing retreat for stylists to have their coffee break or enjoy their lunch. The salon and spa occupies approximately 3,000 square feet, but what is most amazing is the extremely low monthly rent of only 1,500 which is well-below market! The landlord has reduced it to this level indefinitely, from the already-low 2,590 specified in the long lease, to help in this economy. This beautiful full-service salon and spa offers designer cuts, expert color, color correction, up-do's, Brazilian Blowouts, Japanese hair straightening, as well as massage, waxing, bridal make-up, facials, resurfacing skin peels, micro dermabrasion, dermafillers (Restylane, collagens, and Hylaform) and Botox. A retail area displays hair and skincare products, as well as jewelry, sunglasses, purses, scarves and seasonal gifts. There are currently 7 stylists, 4 of which are on a rental basis, and 3 on a commission basis, 1 aesthetician and 1 nail technician, both on a rental basis. The salon is slowly transitioning to a commission basis. This should be even more profitable, but can require more hands-on management and on-going product training. The owner has identified several opportunities to grow the business, such as filling the remaining 8 hair stations and facial rooms, and marketing to the database of 1,000+ clients, the upscale residential area surrounding the salon, and the employees of the many large corporate headquarters just minutes away! The owner is selling the salon because her commute is too far, and she would like to spend more time with her family.
Orange County, California
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$ 159,000
CF : $ 80,000
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Albany, California
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Absentee Owner, Great Staff. Remodeled extensively in 2003. Great San Pablo Avenue Location, Very High Traffic Count, Next To Albany Bowling Center. Mostly Take Out, Delivery. Various School, Business Accounts, Relationship With Albany Bowling Center. General Information Year Established: 2001 Seating: 35 Square Foot/Size: 1200 Parking: Parking Lot Lic. Required: Business, Abc Type 41 (Beer & Wine) Days Open/Hours: Tues - Sun 11 Am- 9 Pm. Closed Monday Financial Information Revenue: 34,000/ Month Cash Flow: Call Lease Information Lease Rent: 2700 Month / Gross Lease Expiration: 9 Years Remaining Yearly Adjustment: fixed for 3 years, then to CPI for 6 years.
Los Angeles County, California
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$ 2,000,000
CF : $ 290,000
Business Insider in October 2014 stated that this app was selected as one of the top 100 greatest apps. Over 800,000 users from around the world have purchased this app over the last five years. An iPhone 6 Plus version of the app is scheduled to be released in September 2015. Competitive Advantage and Business Strengths * Reviews: The app has grown in popularity driven by its product quality. With little to no marketing, the product quality is what has been the foundation for its growth. In all its debut, more than 55% of users gave it the best rating, 5 out of 5 stars. 25% gave it 3 or 4 stars. * Quality: After 5 years of continuous development, more than 30 version upgrades and three complete overhauls, the app is one of the best quality note taking tablet apps on the market. The app features handwriting recognition and intuitive vector-based system that turns your handwritten notes into text, audio recording abilities along with easy to use interface ties all these features together seamlessly. * Users of the App: Approximately 40% of the users are students and 60% of the users are professionals. Both the student population and professional services will continue to grow at a fast pace in the next 10 years providing strong marketing opportunities. * Language: The app is written in many languages to help extend its geographic reach around the world, it can be read in English, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish and Vietnamese. These 800,000+ purchases represent sales from around the world; 57% from USA and Canada, 26% from Europe, 11% from Asia and 6% other locations. Growth Initiatives: * Lower price point: Upon release of the iPhone 6 Plus the price point is projected to be one of the lowest in the market place giving the company an opportunity to increase market share. * Growth: For 2015 the main initiative is to focus on an app for the iPhone 6 Plus. The screen size of 6 Plus is large enough to incorporate the handwriting feature. Since the iPhone 6 Plus was introduced to the market place there are countless requests from users to make this app universal. The iPhone 6 Plus version is scheduled to be released September 2015. * Cross Selling: A strong customer base of over 800,000+ satisfied users from around the world give a company a chance to tap into this large user group and cross sell other similar products. Sales of this app could improve with a company that had a broad geographic reach and distribution infrastructure set up to support sales. * Current Users: Continuing to engage the users with periodic email blast, social connections and in app connections would create additional social media hype that can be used for marketing purposes. Marketing to the current users would create opportunities to sell other technology based products and increase the amount of money spent per user. * Social Media: Establishing strong relationships in both the social media environment and with Apple Staff would drive attention to the product and increase consumer awareness.
Riverside County, California
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$ 79,000
CF : $ 63,000
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CF : $ 125,332
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Encinitas, California
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$ 134,599
CF : $ 80,000
Unique opportunity to own a lucrative, half-cash practice in the gorgeous Southern California coastal community of Encinitas. Acupuncture Continuum Inc. (Acupuncture Continuum), currently the acupuncture practice of Karen Sulger, L.Ac., is in north San Diego County just a few minutes from the beach. Perfectly located with very low rental costs, the beautiful practice serves the area's highly health conscious and affluent population. Acupuncture Continuum is well established and enjoys a sterling reputation for clinical efficacy. With nearly 25 years in the area, the practice also maintains strong relationships with referring MDs, particularly in the medical complex from which it operates. Even in the midst of Covid, return business remains consistent and there is a steady influx of new patients. The opportunity to run an abundant practice drawing from a major metropolitan area is available now. Imagine making close to $200,000 per year, working three days per week and with plenty of time off for vacation. No additional marketing necessary the established reputation of this 23-year-old practice maintains a steady flow of new patients and loyal return patients. Low overhead (including very low rent), years of records, substantial cash clientele and consistent patient flow mean that a new owner can expect to keep costs low. Add more hours, hire associates, and/or expand marketing, and you have the chance to add even more success to an already prosperous practice. Whether you are fresh out of school or an experienced clinician, Acupuncture Continuum offers the chance to hit the ground running. This is a turn-key opportunity to run a successful practice in one of the most sought-after, tranquil, prosperous areas in the country. Call or email today, come by and spend some time at the clinic, and see for yourself. As the new owner, you could be thriving in just a few short months. The Setting The City of Encinitas is located 25 miles north of San Diego and is part of the greater San Diego Metropolitan Area. It has a population of just over 60,000, with easy access to over 3 million others who live in San Diego County. Recently named among the twenty best surf towns in the world by National Geographic, Encinitas wears its surf history proudly. Located along six miles of pristine Pacific Ocean coastline, the town is an unspoiled reminder of the historic Highway 101 beach culture. With the perfect climate year-round, the city is a very popular weekend outing and a great place to live. Locals find all they need from the city's eclectic downtown, with its unique and dynamic blend of San Diego's top surf shops, amazing restaurants, coffeehouses and record stores. Kids love nearby Legoland theme park, Sea Life Aquarium, and San Diego Zoo and Wildlife Park. The clinic is located in a large medical office complex, easily accessible from the freeway. The well-designed office consists of a good-sized lobby and reception area; four treatment rooms (possible to set up a fifth); a staff office area; ample shelving for the extensive herbal apothecary and storage, and a bathroom. The space is modern and tastefully decorated, and each treatment room has its own speakers for music, a floor heater, and dimmable lighting. The most Covid-wary patients have the option to enter and exit one of the treatment rooms through its own dedicated entrance, bypassing the reception completely. Parking is free and easy here. The decades-old practice maintains longstanding relationships with nearby health providers and the local community from which it receives many referrals. Patient Demographics Ms. Sulger describes the clinic's clientele as 'absolutely wonderful,' she is grateful for the way the clinic has attracted such warm, caring and conscientious people. While the current owner treats a very wide range of conditions, she also has three specialty areas: (1) fertility and women's health concerns, (2) pain, and (3) facial rejuvenation. Most of the current patient load consists of professionals between the ages of 25 and 70. There has been a substantial uptick in fertility patients during Covid, as more couples are trying to conceive at this time. The clinic has averaged between 40-50 patient visits per week and has over twenty years of patient files. Overhead costs remain low, with about half of patients paying in full at the time of their visit, with the remainder using insurance. Typically, patients are from communities within 25 miles of the office. Given the practice's long history in the area, most are referred by word-of-mouth and local allied practitioners, while some come through insurance panels and the clinic's strong online presence (all 5-star reviews on Yelp and top-of-page in Google and Google Maps search engine optimization (SEO) has been a steady priority, and these SEO efforts have paid off). The current owner is also happy to provide years of past calendars to prove consistent patient volume. Modalities Utilized Treatments currently consist of acupuncture, cupping and moxa, as well as herbal medicine and supplements. In addition to using standard acupuncture and traditional Chinese medical techniques, Ms. Sulger also uses the Richard Tan Balance Method and Master Tung points for pain and orthopedic conditions. That said, clients seek the practice because it is known for clinical efficacy; they are not usually seeking a specific style of acupuncture or needling. Income and Expenses The following income and expense summaries are derived from an average of income and adjusted* expenses from 2017-2019. Note that Ms. Sulger has office hours only three days per week and takes up to three weeks off per year. Income Average gross yearly revenue: $190,400+ ($15,860+/mo) Expenses Average adjusted expenses: $102,918 yearly ($8,576/mo) *Adjusted expenses are the net expenses that a new owner would have to take on in order to run the business at the same level of revenue as the current owner. Net Profit: Average $87,491 per year (~$7,290/month) Pricing and Terms $139,500 OBO. The price is based on a conservative professional valuation of just over $140,000, with an average yearly gross of about $190,000 for the past several years. The owner's motivation to sell in a timely fashion (due to her impending retirement) has allowed her to generously factor in a potential discount for attrition and start-up costs on change of ownership. She expects the right person will retain her patients and transition smoothly, making this a great opportunity for the buyer. The purchase will be structured as an asset purchase agreement and may be drawn up between buyer and seller (preferred) or by attorneys, at the discretion and by agreement of both parties. Approval of the buyer is subject to a credit check, and loans from medical practice brokers, banks, or the Small Business Administration (SBA) may be available to finance the transaction depending on the buyer's creditworthiness. Upon purchase, the new owner will receive all patient records, furniture and equipment, the large herbal inventory and high-tech Covid safety equipment (including a UV air sanitizer and HEPA air purifier). The current owner will also transfer to the new owner all clinic-related intellectual property, including the clinic phone number, website, claimed Yelp and Facebook pages, AcuBase EHR and billing system, MailChimp email system, email list, and clinic-related financials. The practice currently employs one part-time office manager who expertly bills insurance, markets, schedules and performs many other office tasks. She is an exceptional worker and may be willing to stay on with the practice at the discretion of the new owner. The landlord is willing to transfer the lease (which is amazingly below-market), and the current owner will facilitate interaction with the landlord in order to secure favorable lease terms. Currently the owner has three month-to-month part-time subletters that reduce the monthly rent even further. A future owner could keep the subletters on or choose to take on the entirety of the rent (which is incredibly low) to expand their own practice. The current owner's goal is to surrender the practice by the end of March 2021. She would be willing to stay on for a limited time to assist in the transition and make introductions to the clientele, if so desired by the new owner, at no additional cost. Opportunities for Growth While the current practice nets a healthy return (even working part-time), a motivated buyer could significantly increase their income upon acquisition through a number of simple changes. * Work more hours. The current owner has office hours only three days per week, so there is plenty of room to expand business hours. There are also part-time subletters whose space could be taken back as needed, all of which would increase revenue. * Bring on other practitioners. In addition to or in lieu of working more hours, the practice could easily support at least two or more providers, either as contractors or as employees. * Reduce office manager hours. The current office manager expertly runs the office on the three days that the current owner works. The new owner could opt to take on some of her tasks to reduce payroll costs and increase net income. * Expand marketing efforts. The practice has an excellent web presence, sends monthly emails to its email list, and keeps up relationships with physicians and other healthcare workers. There is room to do much more such as networking with even more MDs and promoting highly profitable facial rejuvenation but the clinic has been busy enough that these resources have not often been leveraged. * Improve online presence. Blogging, enhancing the website, cultivating a social media presence, implementing pay-per-click, and increasing the frequency of email marketing all hold great potential to increase awareness of the clinic and thereby generate mor
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