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Recommended Businesses
Encinitas, California
Acupuncture Service - Medical Practice
$ 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
Los Angeles, California
Restaurant - Beautiful, Elegant, Seats 76
$ 499,000
Confidential listing - beautiful, elegant yet casual gem, seats 76. (no photo due to confidentiality) highly acclaimed and very popular with fantastic reviews. Over half million dollars in decor renovations. Gorgeous 14-seat marble bar. Full 47 liquor cup with 1 am closing. Must see. $1 mil yearly gross serving dinner only, could easily double that by offering lunch, weekend brunch, late-night menu, and effective marketing. Selling due to owner's private life circumstances interfering with proper management. Serious buyers only!
Tracy, California
Valero Gas Station - ABC Type 20 License
$ 2,300,000
For sale is a Valero branded gas station on a corner lot on busy street in Tracy CA. The owner is looking to sell with property. There are three upgraded Wayne dispensers and six fueling positions. The property features a brand new, upgraded Verifone POS system. It includes three 10,000-gallon double-wall fiberglass tanks. The location has excellent ingress and egress with three curb access points. There are two buildings on site, one 150 square feet and the other 600 square feet. The property holds an ABC Type 20 license. It was previously approved for a 1,400-square-foot C-store expansion, with plans available upon request. For sales volume information, please call or text.
Orange County, California
Pet Boutique
$ 59,000
Location, location, location! This adorable dog boutique has a highly-desirable location in this affluent Orange County community! The shop is situated on a busy retail street that has high foot traffic from the locals and year-round tourists! This is a great opportunity to own a business that is fun and easy to operate! The shop offers popular treats and accessories for dogs, as well as dog-themed gifts for lovers of all things canine! This delightful 1,100 square foot shop rents for 3,600 per month, and there is one part-time employee. To increase profits, a new owner could add pet grooming which would please the locals! Approximately 80,000 in inventory is not included in the sales price, but is available at an additional cost . The owner is selling the business because she is busy with her other business.
Irvine, California
Catering And Cafe
$ 24,950
Serious Buyers Only - Asset Sale - Make Any Reasonable Offer (All Offers Need To Be Presented In Wiring By July 15 - The Business Must Sell, Therefore The Owner Will Take The Best Offer) This Business Is Run By The Owner With The Help Of 1 Employee. Open Only 5 Days A Week From 8:00am - 3:00pm, Closed Saturdays And Sundays Seating Available For Approx. 30 People. Total Square Footage 1,200 Breakfast And Lunch Are Served, Everything From Breakfast Sandwiches, Omelette's, Bagels, Muffin, Coffee, Lunch Salads And A Wide Variety Of Drinks Rent: 1,300 Including Utilities.
San Leandro, California
ACE Hardware Store
$ 390,000
New opportunity to purchase an existing Ace Hardware Store in San Leandro with a listing price of $390,000. Location within driving distance to the San Leandro Marina located within a very thriving shopping center. Price Includes all current inventory in stock along with all the fixed assets from the current owners. A great way to own a newer store(opened Dec. 2013) that has established sales and utilize other available incentives to add inventory. A loyal customer base is established and rely on this store and the services provided. $610,000 in Retail Sales as of 2016 with strong B2B opportunities for the prospective owner! This 4 year old business is continuing to grow and has more potential for growth with its niches including adding more core hardware and B2B products. All fixtures and equipment are less than 4 years old and the interior lighting has been upgraded to LED. PLEASE DO NOT DISTURB EMPLOYEES OR CUSTOMERS.
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