Chiropractic Practice - Seller Booked 1 Month In Advance
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale Retiring.
Description Seller wants to retire and is asking $499,000 which includes $863,000 of AR - Approx 45% is collectible - Presently $305,000 in collections. Long Established practice of 22 years is located in a shopping center in the downtown area of Riverside County. Adjusted Net Income in 2008 (4month) was $44k, in 2007 was $157k, and in 2006 was $155k. The office has 2,500 sq. ft. including 6 adjusting rooms, 6 physical therapy, a massage room, x-ray, etc. Seller receives 60% of his new patients by Advertising; 20% Directories, and 20% patient referrals. Seller sees approx. 35-40 patients / day and 25 new patients / month. Office and Seller hours are Mon / Wed / Fri 9am-7pm; Tues / Thurs 8am-6pm. Lunch is from 12-2pm. Seller is off on Thurs. There is a FT Office Admin / Massage, 1 FT / 1 PT Front Office, and 1 FT / 1 PT Back Office that work in the practice. Contact for more information on this Chiropractic practice for sale.
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