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Monterey County, California
Asking Price
$299,000
Revenue
$198,963
Down
Call/Email
Cash Flow
$116,961
Name: Kristiann Wightman
Phone: Show phone number
Name
Kristiann Wightman
Phone
Show phone number
Posting ID:
292541
Attributes:
Broker Cooperation
Home Based
Training And Support
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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
Placer County, California
Medical Equipment And Supply Company - Profitable
$ 495,000
CF : $ 158,905
Highly successful, profitable, well established, family-owned Medical Equipment and Supply business for over 40 years. Owner wishes to retire. A DME business which sells and services quality name brand power chairs, scooters, wheelchairs, lift chairs, walkers, crutches, hospitals beds, commodes and accessories. Medical supply products include daily living aides, rehab and orthopedic products and physician equipment to include IV poles, gowns, gloves, etc. Excellent books /records and profitable. Great opportunity for owner/operator or expansion of an existing DME company. Well established customer base located within a 100 mile radius of office/warehouse. Priced to sell - Price includes vehicles, inventory, furniture, fixtures and equipment. Confidential Information Memorandum, Tax Returns, Income Statements, etc, available to qualified Buyers.
Los Angeles, California
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$ 395,000
CF : $ 250,000
This approx. 4,200 S.F prime Kosher restaurant with 47 liquor License (sellers say till midnight daily) is bordering Beverly Hills, Carthay Square, Mid-City, BeverlyWood & La Cienega restaurant row. The stand alone building has high visibility. It is a beautiful space & sits 120 as per fire depart. guidelines - approx. 20 feet high ceilings w exposed A/C ducts, an approx. 250 S.F patio, a beautiful bar, a wine cellar, two managers' offices, about 500 S.F of storage, a walking refrigerator, a walking freezer There is a wait-station with counters, refrigerators, ice machine, between the Dining Room & The kitchen The large kitchen features a walk in freezer & a walk in refrigerator, a 20' hood, several ovens, several ranges, many prep tables & stations, a grease-trap and so much more. Rent below market at $2.20/S.F/mo. $9,500/mo Lease until March 31st 2023 (exp. in 2019 with a one five year option ) till 2023. The liquor license 47, all the Furniture, Fixtures and Equipment and the weekly inventory of about $3,000 are included in the sale's price. Proven concept or bring your own. New operators may continue with the current concept, however, the name of the establishment and its website are excluded from the sale (although there could be a 3 months agreement after possession to keep the name and website for a three months period).
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Salads And Wraps Restaurant
$ 149,000
Great Opportunity to purchase a restaurant with new Furniture, Fixtures and Equipment. Owners pour in $180,000 in a new startup. Terrific location in Surf City USA. Growing sales if you want to continue with their menu with a 4.5 Yelp rating or choose your own menu. Long term lease with 12 1/2 years to go. Don't miss this fabulous opportunity to own your place in a great part of Huntington Beach
Orange County, California
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$ 49,000
CF : $ 24,000
Located in a busy shopping center next to a heavily trafficked street, this children’s hair salon get plenty of foot traffic from the adjacent businesses! The 1,200 square foot shop has six stations, two shampoo bowls, and a waiting area with toys. Two of the stations have special seats, (a car and a motorcycle) to keep the younger children entertained while they are getting their hair cut. There are 3 stylists who help with the steady customer flow, especially from the local elementary and middle schools. In fact, the schools help promote the shop thru the PTA’s! They have a clientele of 85-90% children but they also do adults, so the parents can have their hair done when their children are getting their hair cut. They do Japanese hair straightening and do up-do’s for weddings and proms. The shop is gets very busy around back-to- school, Christmas, and Easter. To help draw more clientele, the shop is starting up birthday parties for girls, where they can each have their hair and nails done. Professional hair care products made specially for kids, as well as adult products are also sold in the shop. The owner is selling because of health reasons, and she wants to spend more time with her son.
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$ 200,000
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Westchester, California
Price Reduced Restaurant With End-Cap Location
$ 135,000
This restaurant is located on what is considered "ground-zero" in Westchester. Situated on a very busy Sepulveda Blvd., it is a mere 1/2-mile from LAX, less than 1 mile from Loyola Marymount University, only 1 mile from the Police Academy, and surrounded by businesses and residential communities. The restaurant is approximately 3,017 square feet, and has an 'end-cap' location with patio and very favorable lease, which makes this an extremely enviable and highly-sought after site! This restaurant won't last. Call now!
San Diego, California
Shoe Shop In Women's Clothing Boutique
Call/Email
A women's clothing boutique recently opened in a prime location in the heart of the famous Gaslamp Quarter in downtown San Diego. This new shop won the coveted "Best New Retailer of the Year" award. Their forte is clothing and accessories. They would like to share their space with a shoe shop to complement their business. They are looking for a qualified owner/operator. The shoe shop has display and storage capacity for up to 100 different styles of fashion shoes. A portion of the window display area will also be set aside for shoes and signage. Good demand with very little competition in the area. A perfect niche market for medium priced fashion shoes within this trendy and popular clothing shop. No cost to open except to stock inventory. You pay low rent, percentage of sales, or combination. Terms negotiable. Fantastic opportunity to get your shoes on 5th Avenue for a fraction of what it would cost to lease, build, and operate a store yourself, assuming you could find an available location on this high demand street, which you can't. Lower overhead means higher profits. Expand your existing business. Perfect as a satelite location for an existing shoe store in San Diego, a factory store, or as a starter shop. Check the store out at www.facebook.com/edenboutiquesandiego.
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