NOT DISCLOSED, California
| Asking Price |
$1,850,000 |
Year Established |
1992 |
|
| Annual Revenue |
$300,000 |
Reason for Selling |
The reason for selling is that the Seller wants to pursue other interests. However, Seller is willing to stay on and work under new owner for a period of up to 5 years. |
|
| Annual P/L |
|
Attention |
Brett Sargent |
|
| Annual Cash Flow |
$310,000 |
Listing Number |
1010119 |
|
| # of Employees |
1 |
Business Category |
Retail: Health, Beauty, Nutrition |
|
Business Overview:
This fully equipped Chiropractic Care Center is a California Sub Chapter S Corporation and has been in operation for 34 years and under current ownership for the past 18 years. They offer a wide variety of services that include Auto Injury Relief, Chiropractic Care for Kids, Digital X-Rays, and Wellness Care. They handle all types of spinal-related conditions, including Back Pain, headaches & migraines, neck pain, sciatica, and scoliosis. All types of injuries included Auto, Sports, Disc, Whiplash, and Work Injuries. One of the specialties of this practice is Personal Injury. They also handle extremity pain as well with carpal tunnel, joint pain, arm & leg pain, plantar fasciitis, and shoulder pain. They also address a wide range of other conditions, including pregnancy, vertigo, constipation, digestive issues, inflammation, heartburn, restlessness, and sleeplessness. They are only open 3 days a week, Monday, Tuesday, and Thursday, at only 5 hours per day (a total of 15 hours per week). So there is tremendous growth potential by adding additional hours and additional chiropractors. The Seller is willing to stay on for up to 5 years as an employee to assist in growing the business.
Included with the sale is $900,000 in Accounts Receivable.
Property Features and Assets:
They operate out of 495 square feet with base rent of $1,540 per month and monthly CAM charges of $285. The current lease term is 3 years, and the lease is assignable.
Market Competition and Expansion:
The U.S. chiropractic market size was valued at $450.7 Million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 26.3% from 2023 to 2030. As a complementary treatment to pharmaceutical drugs, chiropractic care has seen a substantial increase in popularity. The acceptance of treatments by patients who choose non-invasive treatment for chronic pain is a key factor driving the market's growth.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity