Montana Acupuncture Associates
Unique opportunity to own an amazing acupuncture practice in Missoula, Montana
Step into this rare, once-in-a-lifetime, turn-key opportunity to run the practice of your dreams. Call or email us today, come by and spend some time with us, and be thriving in a few short months!
Unique opportunity to own a lucrative, well-known practice in beautiful Missoula, Montana. Montana Acupuncture Associates LLC (Montana Acupuncture), currently the acupuncture practice of Douglas Womack is located in Montana’s most vibrant city. With an active, health-conscious population and consistent return business, the opportunity to have an abundant practice drawing from a large metropolitan area is available from the moment you step in.
Imagine making well over $200,000 per year working only 3-4 days per week, with plenty of time off and up to three weeks of vacation. No marketing necessary—the reputation of this practice keeps a steady flow of new patients streaming in. A great reputation and top-ranked web presence, 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, Montana Acupuncture 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 beautiful 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.
- The Setting
- Patient Demographics
- Modalities Utilized
- Opportunities for Growth
- Office Photos
- Nestled in the Northern Rockies of Montana, surrounded by seven wilderness areas and at the confluence of three rivers, Missoula is the second largest metropolitan area in Montana with about 120,000 area residents.
- It’s also an outdoor enthusiast’s dream. You can kayak, raft, or tube through downtown or take a relaxing hike in 60,000 acres of wilderness minutes from town.
- Missoula is known for its blue-ribbon trout fishing (made famous by the movie, “A River Runs Through It”) and spectacular natural beauty.
- Missoula is also known for its eclectic culture, with a seemingly endless array of arts and entertainment.
- It has also been repeatedly recognized as one of Outside Magazine’s and Livability Index’s “Best Places to Live” owning to its big city amenities in a small city package.
- The clinic is located minutes from downtown and within easy access of the University of Montana.
- The office consists of up to five potential treatment rooms, as well as a kitchen/break room, and two restrooms. It has a reception area, plenty of storage space, and lots of free parking.
- The space is modern and tastefully decorated, and the clinic maintains a close relationship with nearby health providers and the local community, from which it receives many referrals.
- Montana Acupuncture is a non-specialty practice, seeing everything from musculoskeletal conditions to chronic issues that have not responded to other medical interventions, including Graves’ Disease and polycythemia vera, chemo-support to infertility.
- We are VA approved provider with around 60% of our patients being Veterans.
- The clinic currently averages about 60 patients per week and has treated up to 80 in a week.
- Many patients are on multi-month treatment protocols and buy packages of treatments.
- Between 60 and 70 percent of patients have insurance, veteran’s benefits, worker’s compensation, Medicaid, or other coverage that involves medical billing.
- The clinic specializes in difficult cases and draws patients from nears the Canadian border to Idaho.
- The clinic has an extensive herbal pharmacy as acupuncture and herbal medicinals are the standard protocol for most patients and supported by Standard Process Whole Food Supplements.
- With a long history in the area, almost all patients are referred by word-of-mouth, VA physicians, orthopedic surgeons, nurse practitioners, other acupuncturists as well as through an exceptional online presence.
- The current owner is happy to provide years of past calendars to prove consistent patient volume.
While trained in standard acupuncture, herbology and traditional Chinese medical techniques, the current owner has also done a four- month internship at Zhejiang Provincial Hospital of Traditional Chinese Medicine in Hangzhou, China as well as an intensive one-on-one clinical training with Bob Doane of Poulsbo, Washington. He attends the annual Montana Pain Clinic as the Acupuncture Board Member (appointed by the Governor) of the Montana Board of Medical Examiners. He attends the annual “Back to School for Doctors” seminar put on by Mark Anderson of Standard Process Whole Food Products. Acupuncture, herbal medicine and whole food supplements are prescribed to most patients..
The following income and expense summaries are derived from an average of income and expenses from 2018-2020. Note that Mr. Womack works the equivalent of 3-1/2 days per week and takes about three weeks off per year.
- Average gross yearly revenue (3 years): $217,063 ($18,088+/mo)
- Average adjusted expenses: $124,353 yearly (~$10,363/mo)
*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 $92,710/year (~$7,726/month)
- $149,500 OBO. The price is based on a conservative professional valuation of almost $170,000, with an average yearly gross of about $220,000 over the past several years.
- The owner’s motivation to sell in a timely fashion has allowed him to generously factor in a significant discount off of the valued price for potential attrition and start-up costs on change of ownership. The owner expects the right person will retain nearly all of the 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 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 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, Facebook page, claimed Yelp page, medical records, Client Tracker EHR database, and clinic-related financials.
- The landlord is willing to transfer the lease 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 2021. He would be willing to stay on for a limited time to train a new owner in his techniques and to assist in the transition, if so desired by the new owner.
While the current practice nets a healthy return, a motivated buyer could significantly increase their income upon acquisition through a number of simple changes.
- Work more hours. Given that the current owner only works 3-1/2 days per week and takes up to three weeks off per year, working more hours would obviously increase revenue.
- Add additional practitioners. Given the abundance of time and space available in the office, the practice could easily support more providers. Adding allied and paraprofessional practitioners such as chiropractors, massage therapists, or even other acupuncturists, would be well-received by current and future patients and could easily add to the clinic’s bottom line.
- Sublease office space. In addition to or in lieu of adding practitioners or working more hours, the office space would permit the addition of other independent practitioners who may wish to sublease one or more rooms.
- Do some marketing. The business 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 practice has been busy enough that it hasn’t been using for marketing. 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 an ongoing effort into creating an online presence. Blogging, improving the website, paid online marketing, and doing some email marketing all hold great potential to improve awareness of the clinic in order to generate more revenue.
Some select photos of our beautiful office...
Take advantage of this exceptional opportunity to run your own high-profit, low-maintenance acupuncture practice. Fill out the contact form below, call (406) 541-2399, or email email@example.com today.
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