Integrative/Chinese medicine practice for sale

MD

Integrative/Chinese medicine practice for sale
Contact Seller

Asking Price: $52,000

Cash Flow: $49,000

Gross Revenue: $70,000

EBITDA: $65,000

FF&E: $7,000

Inventory: $4,500

Established: 1993

Integrative/Chinese medicine practice for sale

Save Print Share Valuation Report

Business Description

Integrative Holistic Medicine Practice at the Wellness Center

Unique opportunity to own a lucrative, high-net, all cash practice in Ocean City, Maryland. The Wellness Center (TWC), currently an integrative medical practice, is located just a few miles from the water in beautiful Ocean City, Maryland. With a diverse, health-conscious population and consistent return business,the current owner is providing an opportunity for the right person to have an abundant practice drawing from a large geographic area.Imagine making $70,000 per year working 2-½ days per week, with plenty of time off and as much vacation as you need. No marketing necessary—the 20-year reputation of this practice keeps a steady flow of new patients streaming in. Low overhead, years of records, and
consistent patient flow mean you’ll continue to keep your costs predictably low. Add more hours, hire an associate, and/or sublease some of your space, and you have the chance to add even more success to an already prosperous practice. Whether you are a practitioner who is just starting out, or an established clinician with some years under your belt, TWC offers
you the chance to hit the ground running. Step into this rare, once-in-a-lifetime, turn-key opportunity to run the practice of your dreams in one of the most popular vacation areas on the east coast. Call or email us today, come by and spend some time with us, and be thriving in a few short months.
The community of Ocean City is located on the Atlantic coast just south of the Delaware border. It is one of the most popular weekend getaways on the east coast, being an accessible drive from
Washington, DC, Baltimore, Philadelphia, and even New York City. Owing to its 10 miles of beaches, famous 3-mile-long boardwalk, and family-friendly nature, Ocean City can see its area population of 150,000 more than double on the weekend, with about 8 million people visiting annually. It has been recognized as one of Niche’s “Best Places to Retire in America”, “Best Places for Millennials”, and is ranked in the top 10% of the nation’s public school systems.
Income and Expenses
The following income and expense summaries are derived from an average of income and expenses, including income from several subleases, from the past 36 months (ending YE2017). Note that the current owner works in the office 2-½ days per week and takes about
four weeks off per year in her all-cash practice.
Income
Average gross yearly revenue (3 years): $72,000+ ($6,000+/mo)
Expenses
Average adjusted expenses: $22,320 yearly (~$1,860/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 $49,764/year (~$4,147/month) – Almost 70% of revenue is profit after expenses.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 1,300 square foot office has been completely renovated by TWC, and consists of a beautiful waiting room, as well as 3 acupuncture treatment rooms. It also has 3 additional rooms currently set up for massage, for an aesthetician, and for consults (along with a large bulk herbal pharmacy). The “kitchen” has its own outside entrance and houses a second sink, desks, a small refrigerator, files, and shelves for patent herbs and nutraceuticals. Free, accessible parking is available right out front.
Competition:
The clinic is located just a few miles from the ocean and right next door to the area’s biggest and most popular health food store. Patient Demographics - TWC is a practice serving patients with sub-clinical and acute inflammatory conditions to chronic issues which have not responded to other medical interventions. Our patient population has spanned from infants to great grandparents, and everyone in between. That said, two-thirds of the current patient load consists of women between the ages of 25 and 80.
Growth & Expansion:
While the current practice nets a healthy return, a motivated buyer could significantly increase their income upon acquisition through a number of simple changes. • Work more hours. Given that the current owner only works 2-½ days per week and takes up to five weeks off per year, working more hours would obviously increase revenue. • Accept insurance. We are a low-maintenance, all cash practice. But an enterprising new owner could certainly attract more business by accepting and billing insurance. • Add additional practitioners, build a website, more.
Support & Training:
While trained in traditional Chinese medicine, the owner’s extensive experience sees her integrating functional medicine assessments & treatments side by side w/herbal and acupuncture therapies. The Chinese medicine proven treatments, protocols, expected outcomes, and clinical pearls will be shared and taught if the new owner desires.
Reason for Selling:
Moving out of state for family circumstances.
Business Website:
http://SellingAPractice.com/twc
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Jason Luban

Show Phone Number

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1614353 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Beltone

Franchise Opportunity
Capital Required: $90,000