Lucrative Half-Cash Acupuncture Practice for Sale Near San Diego

The City of Encinitas is located 25 miles north of San Diego and is part of the greater San Diego Metropolitan Area.
It has a population of just over 60,000, with easy access to over 3 million others who live in San Diego County.
Recently named among the twenty best surf towns in the world by National Geographic, Encinitas wears its surf history proudly.
Located along six miles of pristine Pacific Ocean coastline, the town is an unspoiled reminder of the historic Highway 101 beach culture.
With the perfect climate year-round, the city is a very popular weekend outing and a great place to live.
Locals find all they need from the city's eclectic downtown, with its unique and dynamic blend of San Diego's top surf shops, amazing restaurants, coffeehouses and record stores.
Kids love nearby Legoland theme park, Sea Life Aquarium, and San Diego Zoo and Wildlife Park.
The clinic is located in a large medical office complex, easily accessible from the freeway.
The well-designed office consists of a good-sized lobby and reception area; four treatment rooms (possible to set up a fifth); a staff office area; ample shelving for the extensive herbal apothecary and storage, and a bathroom.
The space is modern and tastefully decorated, and each treatment room has its own speakers for music, a floor heater, and dimmable lighting.
The most Covid-wary patients have the option to enter and exit one of the treatment rooms through its own dedicated entrance, bypassing the reception completely.
Parking is free and plentiful.
The decades-old practice maintains longstanding relationships with nearby health providers and the local community from which it receives many referrals.

Ms. Sulger describes the clinic’s clientele as “absolutely wonderful,” she is grateful for the way the clinic has attracted such warm, caring and conscientious people.
While the current owner treats a very wide range of conditions, she also has three specialty areas: (1) fertility and women's health concerns, (2) pain, and (3) facial rejuvenation.
Most of the current patient load consists of professionals between the ages of 25 and 70.
There has been a substantial uptick in fertility patients during Covid, as more couples are trying to conceive at this time.
The clinic has averaged between 40-50 patient visits per week and has over twenty years of patient files.
Overhead costs remain low, with about half of patients paying in full at the time of their visit, with the remainder using insurance.
Typically, patients are from communities within 25 miles of the office.
Given the practice’s long history in the area, most are referred by word-of-mouth and local allied practitioners.
A fair amount of patients are referred through insurance panels and the clinic’s strong online presence (all 5-star reviews on Yelp and top-of-page in Google and Google Maps—search engine optimization (SEO) has been a steady priority, and these SEO efforts have paid off).
The current owner is also happy to provide years of past calendars to prove consistent patient volume.

Treatments currently consist of acupuncture, cupping and moxa.
Some patients are also prescribed herbal medicine and supplements.
In addition to using standard acupuncture and traditional Chinese medical techniques, Ms. Sulger also uses the Richard Tan Balance Method and Master Tung points for pain and orthopedic conditions.
Note that clients seek the practice because it is known for clinical efficacy; they are not usually seeking a specific style of acupuncture or needling.

The following income and expense summaries are derived from an average of income and adjusted* expenses from 2017-2020. Note that Ms. Sulger has office hours three days per week and takes up to three weeks off per year.

Income

Average gross yearly revenue: $180,916 ($15,076/month)

Expenses

Average adjusted expenses: $94,404 yearly ($7,867/month)

*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. Thus, elective variable expenses such as continuing education, transportation, licenses and fees, etc. are removed from gross expenses to calculate adjusted expenses. Take-home pay for the owner is included in adjusted expenses at the same level the current owner is paid.

Net Profit:

Average $86,512 per year ($7,209/month).

Asking $134,678 OBO.

The price is based on a conservative professional valuation of just under $140,000, with an average yearly gross of about $180,000 for the past several years.
The owner’s motivation to sell in a timely fashion (due to her impending retirement) has allowed her to generously factor in a potential discount for attrition and start-up costs on change of ownership. She expects the right person will retain her patients and transition smoothly, making this a great opportunity for the buyer.
The purchase will be structured as an asset purchase agreement and may be drawn up between buyer and seller (preferred) or by attorneys, at the discretion and by agreement of both parties.
Approval of the buyer is subject to a credit check, and loans from medical practice brokers, banks, or the Small Business Administration (SBA) may be available to finance the transaction depending on the buyer’s creditworthiness.
Upon purchase, the new owner will receive all patient records, furniture and equipment, the large herbal inventory and high-tech Covid safety equipment (including a UV air sanitizer and HEPA air purifier).
The current owner will also transfer to the new owner all clinic-related intellectual property, including the clinic phone number, website, claimed Yelp and Facebook pages, AcuBase EHR and billing system, MailChimp email system, email list, and clinic-related financials..
The practice currently employs one part-time office manager who expertly bills insurance, markets, schedules and performs many other office tasks. She is an exceptional worker and may be willing to stay on with the practice at the discretion of the new owner.
The landlord is willing to transfer the lease (which is amazingly below market) and the current owner will facilitate interaction with the landlord in order to secure favorable lease terms.
The current owner’s goal is to surrender the practice by the end of March 2021. She would be willing to stay on for a limited time to train a new owner in her techniques and to assist in the transition, if so desired by the new owner, at no additional cost.

While the current practice nets a healthy return, a motivated buyer could significantly increase his or her income upon acquisition through a number of simple changes.

Work more hours. The current owner has office hours only three days per week, so there is plenty of room to expand business hours. There are also part-time subletters whose space could be taken back as needed, all of which would increase revenue.
Bring on other practitioners. In addition to or in lieu of working more hours, the practice could easily support at least two or more providers, either as contractors or as employees.
Reduce office manager hours. The current office manager expertly runs the office on the three days that the current owner works. The new owner could opt to take on some of her tasks to reduce payroll costs and increase net income.
Expand marketing efforts. The practice has an excellent web presence, sends monthly emails to its email list, and keeps up relationships with physicians and other healthcare workers. There is room to do much more—such as networking with even more MDs and promoting highly profitable facial rejuvenation—but the clinic has been busy enough that these resources have not often been leveraged.
Improve online presence. Blogging, enhancing the website, cultivating a social media presence, implementing pay-per-click, and increasing the frequency of email marketing all hold great potential to increase awareness of the clinic and thereby generate more business.
Create a second revenue stream with herbs and supplements. There is great potential to raise patient awareness about the benefits of herbal medicine, leading to more sales of herbs and supplements. CBD product sales could also be marketed to increase profits; these products are highly effective and carry a very high profit margin. With the practice’s extensive apothecary, there is also room to market oneself as an herbalist and potentially offer telemedicine for this part of the business.

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The Alphabet District and Nob Hill sections of

Northwest Portland are the places to live if you’re seeking a true urban lifestyle. Young singles,

couples, and families choose this neighborhood for its wealth of shopping, restaurants, and

transportation options. Out of state transplants are particularly prevalent. Although formally

named the Alphabet District, this section of Portland is also known as Nob Hill after the famous

San Francisco neighborhood.

History

The northwest section of Portland was planned and developed by Captain John Heard Couch.

Couch was an accomplished seafarer who also started Oregon’s first newspaper, The Spectator.

Couch’s naval background led him to believe that the intersection of the Willamette and

Columbia Rivers would one day become a great commercial center, surpassing then-rival

Oregon City. Couch’s decision to found the Lovejoy-Pettygrove land site was a key milestone in

early Portland history. Couch is the one who laid out the streets of today’s Northwest Portland

with the letters of the alphabet into what we now know as the Alphabet District. The streets were

originally known as A Street, B Street, etc. from 1865 to 1891 when the streets were given their

current names. Fans of The Simpsons television show will recognize the names of several streets

in the Alphabet District like Flanders and Lovejoy. The main thoroughfare, Burnside, was

perhaps an inspiration for Oregon native Matt Groening’s Mr. Burns?

Northwest Portland contains much notable

architecture including the Temple Beth Israel, Trinity Cathedral, and family dwellings from

some of Portland’s earliest elite residents. There are a large number of apartments here; many

were built in the first half of the 20th century. Period details have remained largely intact on the

older buildings. This neighborhood has the highest population density in the city. Home styles

include many Victorians and luxury condos. There are fewer acres of parks here than other areas

of Portland, but this area is closest to one of the largest urban parks in the United States, Forest

Park. Proximity to the Oregon Zoo, the International Rose Test Garden, and the Japanese Garden

are also benefits of living in Nob Hill and the Alphabet District.

Northwest Heights is the neighborhood in the hills just above NW 23rd Street. This cluster of

houses is primarily owner-occupied (95%) and the public schools are exceptional. Home prices

have risen almost 60% over the last five years. The incline up to these homes is steep and streets

are narrow. No bus routes drive into these hills, so having a vehicle is essential.

Shopping

The shopping districts along Northwest 23rd and Northwest 21st Streets are the most popular in

Portland. People from around town and in the suburbs flock here for and upscale shopping

outlets like Eclectic Home, Gilt, and Williams-Sonoma. Many of Portland’s independent high

fashion boutiques are located along NW 23rd.

Food & Drink

People from the city and suburbs flock to notable area restaurants like Papa Haydn St. Jack, and

Ataula. If you’re looking to grab a drink after work check out Muse Wine bar, Fireside,

and McMenamins Tavern & Pool are all great spots to catch up with friends and

coworkers. Ken’s Artisan Bakery is a can’t miss spot along NW 21st. (Monday’s popular pizza

night inspired Ken to open Ken’s Artisan Pizza on the eastside of Portland.) For dessert head on

over to the famous Salt & Straw for some ice cream, but be prepared to wait as there’s usually a

line. Within the neighborhood, but off the beaten path, those in the know visit Saint Cupcake for

delicious cupcakes and World Cup Coffee & Tea for outstanding coffee. Neighborhood markets

include Trader Joe’s, Zupan’s, and Whole Foods.

Entertainment

During spring and summer, sports fans flock to

Providence Park, just off Burnside, for Portland Timbers and Portland Thorns games. Theatre

lovers attend performances at Artist’s Repertory Theatre at SW 15th & Morrison. Cinema 21

shows art house and classic films like Singin’ in the Rain or this year’s Oscar Best Picture

contenders.

Street parking in Northwest Portland is difficult, but not impossible. Off street parking is a

valuable commodity for both homes and condos. At Northwest 23rd and Irving, a developer has

proposed building an 87-spot parking garage. Chapman Elementary is rated as strong by the

Oregon Department of Education. West/East Sylvan Middle School and Lincoln High School are

also rated as exceptional. Multnomah County Library opened a branch at NW Thurman and NW

23rd in 2001. The library has many programs and materials for children including specialized

events for teens, toddlers, and pre-school students. The good news is that living in most of

Northwest Portland without a car is more than feasible. Public transportation to and from here is

fantastic. The Portland Street Car, MAX Light Rail, and several bus lines serve the

neighborhood. Getting to downtown Portland takes mere minutes. Driving to the Portland

International Airport clocks in between 20 and 30 minutes depending on time of day. The

neighborhood benefits from being relatively close to area freeways without the noise and hassle

of being too close for comfort.

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Reference: https://portlandrealestateblog.com/alphabet-district-nob-hill-portland/

Portland

Things to Do Outdoors in and Around

Portland

Here are some of the most popular active outings in the Portland area.

By: Brian Stevenson

Blanketed across the confluence of 2 majestic rivers and within an hour of both the Pacific Coast

and Cascade Mountains, Portland and its lush environs have something for nearly every lover of

the outdoors.

Hardcore funhogs can snowboard and run whitewater on the same day almost any time of year

and still be back in the city for dinner. More contemplative types might prefer a hilly amble

through Portland’s urban, but seemingly boundless Forest Park. Anglers can drop a line for wild

salmon where the placid Willamette River runs beneath downtown bridges. There’s surfing at the

coast, kite-boarding on the Columbia, and miles of bicycling on non-vehicular paths. Rock

climbing, golf, skate parks, birding; you name it and you can find it somewhere in or close to

Portland.

Here are some of the most popular active outings in the area.

1. Ski and Snowboard Mt. Hood in Winter and Summer

Timberline Lodge, Mt. Hood, Oregon

Iconic Mt. Hood stretches high above the surrounding hills east of the city. An hour or so in a car

or bus can get you to 1 of the giant volcano’s several alpine ski resorts.

Mt. Hood Meadows Resort has the edge on winter terrain. Timberline Lodge is the only place on

the mountain where you can still ride lifts to ski and snowboard in the heat of summer. Mt. Hood

Skibowl is the largest night skiing resort in the country. And, there are plenty of places to seek

out backcountry ski terrain for those qualified to do so. Visit fs.usda.gov/mthood for more

information on backcountry skiing (and other activities).

2. Kayak Downtown

See Portland’s skyline in relative solitude by kayaking the broad Willamette River through

downtown. Few large vessels ply the city center waterway; most ships and barges never venture

past the commercial ports downstream. Instead, you may share this section of river with a couple

of colorful Dragonboats (large paddle-powered race boats with Chinese-influenced serpent

designs) or an occasional sailboat. Rent kayaks from Portland Kayak Company or Alder Creek

(Alder Creek rents stand up paddle boards too). In summer, Portland Kayak Company runs

guided kayak tours a couple miles upstream from downtown where you might see great blue

herons, bald eagles or osprey in the Oaks Bottom Wildlife Refuge.

3. Hike Forest Park

TravelPortland.com

You don’t need to leave town for a hike through shadowy, towering stands of Douglas fir,

hemlock and western red cedar trees. Portland’s nearly 5,200-acre Forest Park boasts more than

80 miles of trails, which are accessible from more than 2 dozen trailheads. Most of the trails are

interconnected via the park’s 30-plus mile sinuous Wildwood Trail. Skip out of trendy NW 23rd

Avenue, walk a few blocks west to the entrance of Lower Macleay Trail. Follow the shady trail

up crystal clear Balch Creek. You’ll never know you’re still in the city. Another option is the

Maple Trail, festooned with its namesake trees along with red alder, sword ferns, and Oregon

grape.

4. Visit “The Gorge”

Michael Matti

As the last of the metro area disappears from your rear view mirror while driving east on

Interstate 84, you’ll be dwarfed on your right by the steep cliffs and promontories of the

Columbia River Gorge. Take exit 22, snake up the hill to the town of Corbett, then head east

(left) on the narrow Historic Columbia River Highway. The old 2-lane road provides access to

short trails which pass beneath multi-storied ribbons of free falling water and to arduous daylong

treks that reach sweeping vista points high above the river. If time is limited try the 2 1/2-mile

loop hike to misty Latourell and Upper Latourell Falls. A few miles farther east on the road will

get you to the trailhead for a hike up the scenic Wahkeena Trail to Devil’s Rest. You can marvel

at expansive Gorge views from several points along the trail. Contact US Forest Service officials

at the Columbia River Gorge National Scenic Area for information on routes and trail closures.

5. Run the White Salmon River

River Drifters

The dog days of summer send people searching for fun ways to cool off. Just an hour and 20

minutes east of Portland, southern Washington State's cool, spring-fed White Salmon river

provides relief in the form of snappy, adrenaline pumping rapids for rafters and kayakers. The

river rushes swiftly through a narrow and tight black lava canyon. There’s just enough sun in the

shady chasm to warm you up between the class III and IV rapids, which come one after another.

More intrepid paddlers can opt to run the frothing 10-foot-high Husum Falls. Wet Planet and

River Drifters offer commercially guided 1/2-day and full-day raft trips from April to October.

6. Bike Sauvie Island

Tim Jewett /TravelPortland.com

The gentle bucolic landscape of this island at the confluence of the Columbia and Willamette

rivers provides tranquility for road cyclists. Families and racewear clad peddlers flock to the

island on warmer days. A 12-mile long loop on the island’s south end is the most popular but

you can find greater solitude on the much longer Reeder Road loop. This route follows the

Columbia for quite a way. If it’s a clear day you’ll see the Cascade Mountains in the distance and

you may see eagles, osprey and other wildlife. If you’re driving to the isle from Portland, take

highway 30 west to the Sauvie Island Bridge. Pick up a parking permit, riding directions, and a

map from Cracker Barrel Grocery just north of the bridge on the island side. You can also get

parking permits and information from the Oregon Department of Fish and Wildlife.

Keep Reading

4 Must-Try Portland Brunch Spots

Dishing up a lot more than just bacon and eggs.

By: Jeremy Pawlowski

Portland takes its brunch very seriously. Take a look at any restaurant on a Saturday or Sunday

morning and you’re bound to see a line of hungry people milling around the sidewalk out front.

Even the rain won’t stop diners from waiting to get a taste of the inventive dishes being served

up at the hotspots listed below.

Jeremy Pawlowski

1. Hunnymilk

Jeremy Pawlowski

This “restaurant” doesn’t even have it’s own building to call home, but on Saturday and Sunday

mornings Hunnymilk takes over a local Italian eatery and cooks up some of the best brunch in

town. Brandon and Alex, the minds behind Hunnymilk, cook up their ideas in a test kitchen and

then offer them to the public on the weekends. The concept is simple, for $20 you get one

beverage, one savory dish, and one sweet dish. The focus is on inventive takes on a few classics

along with imaginative new dishes you’ve probably never seen on a menu before. Crowd

favorites include crispy pork ribs served over cheesy grits, and the carrot cake waffles dipped in

honey butter.

2. Tusk

Jeremy Pawlowski

Light, bright and playful is the best way to describe the atmosphere at what is quickly becoming

one of Portland’s hottest restaurants for brunch. Known for their locally- sourced,

Mediterranean-inspired, award-winning dinner menu they also offer the same in brunch form on

weekends. The flavors of the Pacific Northwest really get to shine at this restaurant as they focus

on vegetable-based dishes. In addition to their amazing food, they also offer up creative brunch

cocktails. The Eastern Maid for example is made with vodka, lemon, celery seed, hazelnut, rose

water, and yogurt. Tusk prides itself on only cooking with what’s in season so the vegetablecentric

dishes are constantly changing, meaning no two visits will ever be the same.

3. Broder

Jeremy Pawlowski

If you’re anything like me the closest you’ve ever come to Scandinavian food is the meatballs at

Ikea. So sitting down at Broder can be a bit intimidating. The menu is full of items that you can’t

pronounce, but this Swedish cafe has become a Portland staple, and for good reason. Pytt I

Panna, a Swedish hash, combines potatoes, soft baked eggs, peppers, onions and smoked trout to

create a delicious breakfast skillet like you’ve never had before. And make sure to try the

Aebleskivers, a small round Danish pancake that comes served with homemade lemon curd and

lingonberry jam. With food as delicious as Broder’s lines can get quite long here on the

weekends, but you can get right in on a weekday morning.

Jeremy Pawlowski

4. Hazel Room

Jeremy Pawlowski

Located in a 100-year-old house and adorned with antique furniture and art the Hazel Room is

sure to end up as one of your favorites before you even take a bite of their food. Make sure to

bring your appetite as you dig into to their slow-cooked pulled pork hash, biscuits smothered in

famous red gravy, and the deliciously sweet gluten-free coconut cardamom french toast. And

save some room for a slice of their homemade pie!

More Portland Food to Try

5 Delicious Donut Shops in Portland

Satisfy your sweet tooth in the Rose City.

Top Portland, Oregon Food Trucks

Reference: https://www.travelchannel.com/destinations/us/or/portland/articles/things-to-do-outdoors-inand-

around-portland

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