Business for Sale

Chiropractic Practice LA, 2 Offices, $500K YR Net, 2006

BizEx1252-EM

Background

General Location:Los Angeles, CA
Category: Services
Health, Medical & Dental
Years in Business:13
Under Present Owner:13
Hours of Operation:9:00 - 5:00
Owner Hours:Varies
Training:2 weeks @ 30 hours
Organization Type:S-Corp
Lease Expiration:Month to Month
Lease Options:Yes
Building Size:1,350
Employees:5
Reason for Sale:Other Opportunities

Financials

Asking Price:$895,000
Down Payment:Negotiable
Gross Sales:$1,200,000
Discretionary Cash Flow:$540,000
FF&E:$15,000
Inventory Included?Yes
Inventory:$5,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$1,350
Payroll:$7
Financing:SBA

2018 2017
Gross Sales $ 1,200,000 $ 1,400,000
Gross Profit $ 770,000 $ 800,000
Disc. Earnings $ 540,000 $ 600,000

Description

Very Profitable Chiropractic Business  - $540,000 Net Income, $1.2 mm Gross Revenue - Excellent Reputation in LA

Since 2006, this Los Angeles chiropractic business has built a sterling reputation throughout the healthcare industry for its excellent patient care and customer service. They operate 2 busy offices; one in central LA and another in the San Fernando Valley.

They receive most of their clients from a large referral network of workers compensation attorneys, personal injury attorneys and contracts with various workers compensation provider networks who refer a large number of patients.

Their patients are primarily seen for Workers Compensation injuries, which they act as the primary treating physician, and for automotive accident injuries and also for personal injury.

Growth Opportunities  -  a new owner could easily and quickly add additional services to the practice like acupuncture, pain management, physical therapy and a variety of specialty services that are in demand.

High Earning - $540,000 Net Income from $1,200,000 in Gross Sales

This is an excellent opportunity for a Healthcare professional to expand. 

SBA Approved Business for a qualified buyer.

Contact me for more information; please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register. Eric Mellem, Business Broker at (310) 293-6414 or emellem@bizex.net


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802