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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
Walnut Creek, California
High End Vietnamese Restaurant - Well Established
$ 330,000
A well established high-end restaurant located in the heart of Downtown Walnut Creek within walking distance from offices. Located around the corner from Nordstrom, Tiffany & Co, Apple Store and many many more high end shops. Consistent highly rated by patrons and Yelp. Ideal location. Please contact Darron above for showing appointment. DO NOT disturb employees or customers.
Orange County, California
Pet Grooming Service
$ 87,000
CF : $ 32,000
This well-established Orange County dog grooming business is located in a busy center with plenty of foot traffic and ample parking for customers! The 1,125 square-foot shop has a grooming area, 2 tubs, 2 drying stations and plenty of kennel space. It offers bathing, drying, clipping, nail trimming, and ear cleaning. De-matting, medicated shampoos and conditioners are also available at an additional cost. The groomer and her two full-time employees do their very best to meet their clients' needs, and as a result, the very loyal clientele come weekly, bi-weekly and monthly to have their dogs groomed. Even new customers quickly become regulars because of the high-quality customer service provided. The shop is very easy-to-run and has a low monthly lease of 1,500. The two capable and hard-working employees bathe and dry the dogs, and the owner does the grooming. The business has a strong reputation in the community, and receives referrals from local veterinarians. Opportunities to grow the business include adding pet sitting, daycare, and boarding, as well as advertising the business, developing a website, and offering retail items, such as dog treats, food and accessories. The owner is selling the business because of health problems.
Los Angeles, California
Flower Shop
$ 13,500
Don\'t miss out on this great opportunity to run your own business and become your own boss. Established for 20 years as a flower shop. Great location on a main, busy street across from hospital. No competitors near by. Monthly rent is only 600 dollars and it includes water and electricity. Selling price includes all merchandise and equipment (refrigerator, teddy bears, vases, baskets, cash register, credit card machine, furniture, supplies needed to make arrangements etc.) Selling price of 13,500 or give us your best offer. Must sell, looking to expand.
San Francisco County, California
Liquor Store, Market
$ 63,500
Liquor store / Market, same owner for over twenty years, health reason forces sale, according to the owner before the health problem, there were doing $1,000.00 + per day in sales, now they do about $300.00 per day. Asking price only $63,500 Plus inventory inventory about $5,000. Land Lord will give a new lease to a qualified buyer.
Los Angeles, California
Pizza Restaurant
$ 389,000
Hollywood on Sunset Blvd pizza restaurant with 41 liquor license. This highly visible hollywood restaurant is located on a busy corner location facing sunset blvd. The casual style restaurant menu consists of pizza, hamburgers, sandwiches and other casual fare. The "theme" 4,500 square foot restaurant is segmented into 5 separate casual and intimate areas including two outdoor patios, a covered and enclosed patio and rear lounge with bar. There is a 20 year lease if you exercise all the options and there is also an option to buy the property. The monthly rent of 4,300 including CAM for 4,500 square feet is submarket for the area. Walking distance from upscale hollywood hills residential area and in the center of popular tourist destination. Sales currently average about 45,000 to 50,000 per month and you must see to appreciate the value and potential for this business.
Idaho
Pacific Northwest Environmental Contractor
$ 8,450,000
CF : $ 1,870,000
This company is built around diversity, which has a proven track record of success, during difficult times over and over throughout its 22-year history, allowing it to glide smoothly through recessions, a pandemic, and hostile legal attacks. The services encompass a wide range of project(s) including stream & habitat rehabilitation, landfill closure/reclamation, bridge installation, full-scale demolition services, hazardous waste remediation, PFAS investigation and treatment system operation, small scale shallow water dredging, bank & river reconstruction, geotechnical drilling operations, commercial fuel facility construction and any project in between. Their team is very experienced and has the equipment to do these projects both precisely and professionally. Their Corporate belief and culture are built by a strong belief that what they do for a living, matters, and that they provide real, tangible solutions for the environment, conservation, and the world we live in. This Corporate culture has helped them become one of the premier environmental contracting companies in the western United States. - Strong Management team, owner works very little in the company - Broad coverage across the Pacific Northwest - Long-term clients - Long-term working relationships with many government agencies across all the Pacific NW states at the federal, state, and local lever. The asking price is $8,450,000 for an asset purchase. If the buyer prefers a stock purchase the price will adjust accordingly. Support & Training: Seller will negotiate a transition period
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