Extremely Profitable Acupuncture Practice

Not Disclosed, NY

Asking Price: Annual Revenue:
Not Disclosed $993,498

Services: Medical, Dental

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RE: Extremely Profitable Acupuncture Practice Broker: Stephen Wain

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $993,498
Net Profit: Not Disclosed
Cash Flow: $403,169
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 2
BBN Listing #: 458329987
Broker Reference #: 14631393

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Business Overview:

This $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.

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 and city officials. Although the practice was closed for three months, the practice still maintained an EBITDA margin of 41% for 2020. The practice has rebounded in 2021. If the pace of the first four months continues, which is expected, revenue should be at least 20% greater than in 2020.

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. This new therapeutic offering is expected to generate over $500,000 per year in cash flow with minimal operating expenses.

The practice is now back to 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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Market Competition and Expansion:

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 pursue other interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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