Seller's Contact Information
- RE: Extremely Profitable Acupuncture Practice
- Contact: Steve Wain
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $921,813 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $444,946 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | 3 | |
| BBN Listing #: | 418729987 | |
| Broker Reference #: | 14631393 |
Business Overview:
This SBA Pre-Approved $1,000,000 acupuncture practice performs treatments to a patient roster that includes adults of all ages, adolescents, and infants. The practice is strategically located in a booming urban New York Metropolitan area that is in close proximity to major transportation. Services include, but are not limited to, specialized treatment plans for fertility, pain, weight loss, digestion, stress, and wellness.
COVID-19 had a significant impact on the operations of the practice during the period of late March through late June 2020. The loss of income was due to the temporary closure mandated by state/city officials. Although closed for three months, the practice still maintained an EBITDA margin of 42% for 2020. 2021 presented some unique challenges. Between two floods and a move at year end, the practice was closed for approximately 5 weeks. Despite these closures, an EBITDA Margin of 38% was achieved. The owner expects 2022 revenue to be between $1,100,000-$1,300,000.
Beginning of the second quarter 2021, the practice began offering a new therapy that provides many therapeutic benefits for both men and women. The owners believe that they are one of a few select practices in the geographic area they serve that offers this therapy in combination with acupuncture. The owners expect this new therapeutic offering to generate over $25,000 per year in cash flow initially and plan to triple its use this year, with minimal operating expenses.
The practice is operating 6 days a week and hours will increase based on patient demand.
Understanding the complexities and uncertainties of the pandemic, the owners’ expectations of value are aligned with the current cash flow and scale versus past performance. Given its new value, the owners believe that the practice would be an excellent investment for an existing practice looking to expand into a prestigious and demographically wealthy area, as well as an opportunity for a graduate of acupuncture looking to establish a foothold in an established practice.
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Property Features and Assets:
The practice is in an upscale, densely populated urban community. The office is brand new. The equipment is well maintained, and all FF&E are included in the sale. The current building location is leased.
Market Competition and Expansion:
Although there are other alternative healthcare practices in the area, this practice is an icon in the community, has a stellar reputation and loyal patients who refer their friends and family. In addition, they have developed relationships with other health organizations and referral sources that gives them a competitive advantage. The practice has successfully used marketing strategies to both attract new patients and retain patients. Adding patient services as well as expanding marketing and social media strategies into additional geographic markets are key growth opportunities.
Reason for Selling:
The owners wish to relocate out of the country.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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