Well Established Chiropractic Business

Pensacola, FL

Asking Price:	$2,700,000
Gross Revenue:	$1,514,940
FF&E:	$17,500

Cash Flow:	$1,189,334
Inventory:	$7,500
Established Year:	1988

Listing ID: 2303488Listing provided by BizBuySell

BUSINESS DESCRIPTION

Buyer must be a Doctor of Chiropractic (DC)

This Chiropractic business has been a staple in the local community of Pensacola since 1988. The sellers purchased the practice from a previous D.C. whom the seller worked for as an employee, running the operation. Back then, the practice served 90 patients or so a week on average, in which the owner was treating most of them himself. When the previous owner was ready to exit, the business changed hands and the sellers in 1988 at the start of their new venture. Since the humble beginnings, the business has grown exponentially, from 90 patients a week, to upwards of 120 patients serviced PER DAY. The sellers are proud of the practice they have built, based on the principle of always doing what is in the best interest of their patients. The business has an enormous customer base, some days 8-10 brand new patients are serviced.

DETAILED INFORMATION

Location

Pensacola, FL

Inventory

Included in asking price

Real Estate

Leased

Building SF

1,849

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Rent Adjustment takes into account proposed lease rate of $4,500/Month. Sellers own the entire property and will be the landlord for the new owner going forward, leasing out the 1849 sq. ft. office space.

Competition

Many local competitors perform strictly Activator Work (for lack of mobility), whereas this office offers a diverse array of services and techniques based upon the true needs of the patient. There are numerous franchise practices in the area which tend to lack the personalized touch of a private practitioner. Owners of other private practices have retired in recent years, leaving the sellers practice as one of the longest standing private practices in the area.

Growth & Expansion

Advertising in social media and other advertising medians could pose an opportunity for growth, The new owner could add an additional D.C. to the staff. The business also does not have a website, which would lead to additional exposure to potential patients.

Support & Training

Will train for 4 weeks @ $10K.

Reason for Selling

Retirement.

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