Indy Acupuncture & Health Services, Inc.
Own an all-cash acupuncture practice in Indianapolis
Learn more about this extraordinary opportunity to step into a profitable practice in a gorgeous area, currently offered at a great price!
Unique opportunity to own a lucrative, all-cash practice. Indy Acupuncture & Health Services, currently the acupuncture practice of Erica Siegel, is located in two offices in Indianapolis.
With a diverse, health-conscious population and consistent return business, the opportunity to have an abundant practice drawing from a major metropolitan area is available from the moment you step in.
Imagine grossing over $200,000 per year working only four days a week, with plenty of time off for vacation. No marketing necessary—the reputation of this practice keeps a steady flow of new patients streaming in, and that flow hasn’t let up, even during Covid!
Low overhead, years of records, and consistent patient flow mean you’ll continue to keep your costs predictably low. Add more hours, hire an associate, and/or sublease some of your space, and you have the chance to add even more success to an already prosperous practice.
Whether you are a practitioner who is just starting out or an established clinician with some years under your belt, Indy Acupuncture & Health Services offers you the chance to hit the ground running. Step into this rare, once-in-a-lifetime, turn-key opportunity to run the practice of your dreams in one of the most historic and tranquil areas in the country. Call or email us today, come by and spend some time with us, and be thriving in a few short months.
Learn much more below.
Income & Expenses
Opportunities for Growth
Video & Photos
- Indianapolis, or Indy, is home to more than 820,000 residents, with over 2 million in the greater metropolitan area and more than half the nation’s population within a day's drive. It is also home to seven universities, three Fortune 500 companies, two major league sports teams, and the largest-capacity sports venue in the world (Indianapolis Motor Speedway).
- Indianapolis is consistently ranked among the best places to live in the US. Housing costs are among the lowest of all major metropolitan areas, while household income is among the highest.
- The practice is comprised of the main clinic and a community clinic.
- The main clinic is located in the community of Broad Ripple near popular walking trails, restaurants, and shops. It consists of a spacious reception area, two treatments rooms and one bathroom.
- The community clinic is in the beautiful historic area of Old Northside, a mile north of downtown Indy.
- It's in a retail storefront in the historic residential Penn Arts Building, easy access to coffee shops, restaurants, and the bustling Mass Ave. area.
- It, too, has an open reception area, as well as one large treatment room that feels like a warm gallery, with tall ceilings and large paintings watching over two recliners and three massage tables.
- The bathroom is shared with other nearby retail shops, and parking and public transportation are abundant for both offices.
- Indy Acupuncture & Health Services is a non-specialty practice, seeing everything from subclinical and acute orthopedic conditions to chronic issues that have not responded to other medical interventions.
- The patient population has spanned from infants to great grandparents, and everyone in between. That said, the majority of the current patient load consists of professionals between the ages of 25 and 60.
- The community clinic and the main office feed into one another: Those who would prefer the privacy and intimacy of their own room pay a bit more to come to the main clinic, whereas those on a tighter budget tend to prefer the community acupuncture model.
- The clinic began keeping electronic records in 2013 and currently has over 3,000 patients in the system.
- The majority of patients continue to come in for maintenance on a consistent basis.
- Both clinics are 100% cash—all treatments are paid in full at the time of service. No insurance billing!
- Most patients are from communities within 25 miles of the office.
- Given the clinic’s long history in the area, almost all patients are referred by word-of-mouth, while some come through the practice’s online presence and the streetfront visibility of both offices.
- While trained in standard acupuncture and traditional Chinese medical techniques, the current owner has studied and practices the Richard Tan Balance Method and Master Tung points. She mostly treats patients with acupuncture and cupping. Herbal medicine and supplements account for 15-20% of gross income.
The following income and expense summaries are derived from an average of income and adjusted* expenses from the past two calendar years (2019-2020). Note that the current owner has office hours four days per week.
Average gross yearly revenue: $218,000 ($18,166/month)
Average adjusted expenses: $102,000 yearly ($8,500/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
Average $116,000 per year ($9,666/month)
- The price is based on a conservative valuation of over $100,000, with an average yearly gross over $200,000.
- The owner’s motivation to sell in a timely fashion has allowed her to generously factor in a discount off of the valued price for potential 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.
- The seller may also be willing to hold a loan for the right buyer.
- The current owner’s goal is to surrender the practice by the middle of Summer 2021.
- Given that the practice consists of both a community clinic and main office (standard clinic), she may be willing to sell them separately.
- The current owner of the practice also owns the main clinic’s office space, a house zoned for business. She would prefer to sell both the practice and the building together, but would consider selling only the practice and staying on as a landlord.
- The landlord of the community clinic is willing to transfer the lease or create a new one, and the current owner of the practice will facilitate interaction with the landlord in order to secure favorable lease terms.
- Upon purchase, the new owner will receive all patient records and equipment, in addition to any supplement inventory.
- The current owner will also transfer to the new owner all clinic-related intellectual property, including the clinic phone number; website; claimed Yelp pages; Dr. Chrono EHR, scheduling and billing system; and clinic-related financials.
- The practice currently includes a receptionist who works the same hours as the owner and who will be retiring after the sale. She is aware of the sale and is happy to train a new owner and/or receptionist. In addition, the space is also used by two independent contractors: a naturopath and a functional medicine doctor. Both may be willing to stay on with the practice by mutual consent with the new owner.
- The current owner 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 their income upon acquisition through a number of simple changes.
- Accept insurance – Indy Acupuncture & Health Services is currently a low-maintenance, all-cash practice, but an enterprising new owner could certainly increase volume by accepting and billing insurance
- Work more hours – Given that the current owner only works 30 hours per week and takes plenty of time off per year, working more hours would obviously increase revenue.
- Add additional practitioners – In addition to or in lieu of working more hours, the practice could easily support at least one more provider during the times when the office is unoccupied.
- Reduce staff – A receptionist currently does the administrative practice management. The current owner feels confident a new owner could do these tasks on their own, saving $24,000 per year.
- Do some marketing - The practice does very little marketing outside of its web presence. There is a database full of patient information that could be used for marketing directly to current and former patients, but the clinic has been busy enough that these resources have not been leveraged. Doing any kind of additional marketing would create more opportunities for an increase in new patients and a return of pre-existing patients.
- Improve online presence - The current owner has been successful without putting too much ongoing effort into her established social media and email marketing channels. Blogging, improving the website, paid online marketing, staying on top of social media, and doing email marketing all hold great potential to improve awareness of the clinic in order to generate more revenue.
- Sell more supplements - Only about 15-20% of the practices current gross income comes from sales of herbal medicine. Giving a greater percentage of patients the option of supplements offers another opportunity for increased revenue.
Pictures of the Main Clinic (click for detail)
Pictures of the Community Clinic (click for detail)
Take advantage of this rare opportunity to step into a turn-key practice in a gorgeous, growing city! Call (317) 938-7189, or click here to email us today.
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