Chiropractic Practice - Family Emergency Must Sell
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Family emergency.
Description FAMILY EMRGENCY - SELLER MUST SACRIFICE PRACTICE Very Motivated. All offers considered. Seller is moving out of state on family emergency/illness and is asking $100k. AR balance of $80k+ is available for $30k. The practice has been established for 8 years ( 2 years with current seller) on a corner location in a 2-story medical professional building. The 2,000 sq ft office consists of consultation rm, 5 treatment rms, (two are subleased, one to an Acupuncturist) which is additional $1,200/month income for Dr, physical therapy, 2 adjusting rms, etc. There is an additional 250 sq ft space that has a separate entry and can be subleased or used as a training area. Net rent to Dr is $518/mo. The 90% Diversified practice utilizes 10% activator. Gross income in 2008 (Jan-May) was $65k, in 2007 was $151k, and in 2006 was $81k. The seller sees 280 patients per month and 20 are new. The office and seller hours are Mon 7am-1pm, and Tues, Thurs, Fri 7am -12 noon, 2pm-6pm. The office is closed on Wed, and Sat is by appt only. Contact for more information on this Chiropractic Practice for sale.
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