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Los Angeles, Los Angeles County, California
Asking Price
$245,000
Revenue
$252,740
Down
Call/Email
Cash Flow
$84,000
Name: John Lee
Phone: Show phone number
Name
John Lee
Phone
Show phone number
Posting ID:
291328
Attributes:
Broker Cooperation
Semi Absentee Run
Training And Support
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Contra Costa County, California
DNA, Drug, Alcohol, Testing Svc - Recession Proof
Call/Email
This business has been operating for nearly 10 years in the Bay Area and has class A clients. Hundreds of clients including nationally recognized organizations. Drug & Alcohol Testing Service- Turn-key operation offering pre-employment drug testing, random testing, truck driver consortium services, post-accident testing and walk-in drug and alcohol testing for the public. While well established with an excellent reputation, this business offers huge opportunity for growth and expansion. The business is part of a nationally branded franchise which provides mobile drug testing and other testing services for schools, universities, businesses, government agencies, and athletic programs. The business offers a wide range of test types, including traditional laboratory tests, instant drug tests, paternity DNA testing, backgrounds checks, fingernail testing, and other services - with samples collected at the client's location and delivered confidentially and electronically following HIPAA guidelines. Many of the tests are federally mandated or required by employer corporate policy. * Have you ever dreamed of having your own business and taking control of your own financial future? The Fastest Labs drug test franchise affords franchisees the opportunity to have a business with bankers hours, 9 to 5 Monday through Friday, and enjoy their nights weekends and holidays. * Taking steps toward opening your own drug test franchise business is an exhilarating, life changing experience. The Fastest Labs drug test franchisees benefit from our proven system while enjoying being in business for themselves, but not by themselves because we coach them every step of the way. We have created our drug test franchise system, our brand and our support system to help you live the American Dream of business ownership. We understand the drug testing business and are always here to coach our drug test franchisees when they need answers.
Los Angeles County, California
Cafe - Asset Sale
$ 49,000
This Cafe is located in center in the heart of L.A. Its recent renovation with all new equipment at a cost of over $75,000. No Hood - No Grease trap. Great upside with anchors such as the USPS and great stores that bring a constant flow of patrons and clients, and developing deliveries to the neighboring businesses and residences. Highly traffic area. Location is about 300 sq.ft + outside tables. Rent all inclusive is $1,600 per month. New Lease Cafe can offer: Donuts, Muffins, Scones, Bagels/cream cheese, Croissants, Coffees and Lattes, Fresh Squeeze Juices, Ice Cream, Salads, Sandwiches, Avocado Toasts, etc.
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
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Orange County, California
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$ 209,000
CF : $ 98,000
This popular Orange County Italian restaurant is located on a major highway, just steps from the beach! Although it is only 1,000 square feet, and seats about 35, the restaurant is very popular in this affluent community! The chefs dish up delicious gourmet pasta dishes, salads and pizzas at affordable prices, which keep their customers coming back for more! It has a beer and wine license, with several beers on tap and a very nice selection of wines. The small bar overlooks the kitchen, which makes for a casual, and fun atmosphere. The restaurant also does catering for local weddings, boat parades and other holiday parties. Additionally, it offers delivery service within a 1/2 -mile radius. And, since it is the only pizza restaurant in the area, the delivery guy stays busy! The owners recently started serving lunch, so there is opportunity to grow the business by expanding the lunch service. The owners are selling so that they can pursue other business opportunities.
Amador County, California
Generator Dealer
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CF : $ 231,000
Very well established Electrical Company now available for sale servicing Amador and Calaveras counties. Benefits: ~ Recurring maintenance service agreements for the Generac home standby generators! The company currently has over 500 Generac home standby generator customers. ~ Recurring service agreements for 7 local and state fairs. ~ Recurring commercial winery work for service or repairs. ~ Recurring contracts for ground rod testing. ~ Rental equipment for light towers and generators provides additional income. ~ Long term employees and very well trained - all MSHA certified. This company provides a wide variety of electrical contracting services. Business performs limited residential and industrial work but for residential work includes complete rewires, panel service upgrades and other service calls. Residential work also includes the estimate, purchase, installation, maintenance, service and warranty work for the Generac home standby generators. Largest Elite Generac dealer in northern California. For industrial, it's mostly service work and light industrial construction. Commercial electrical work includes parking lot lighting, school additions, service work on wineries, schools, lighting, fairgrounds, and under grounding wiring; power pole setting; line location; and a wide variety of other types of electrical services. They also work with the local utility (PG&E) to provide power to end user. For further information please submit an inquiry through this Web site. You will be required to complete a Non-Disclosure Agreement prior to receiving any additional information. Financial information is only provided after the initial phone interview with the Regional Business Broker assigned to this listing. Broker, broker's agents and broker-associated, employees and all other affiliates of Broker have NOT verified any of the information provided here. By submitting your inquiry through this Web site you are granting Broker permission to add you to Broker's email subscription list.
Los Angeles County, California
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CF : $ 92,606
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