Brannan Street Acupuncture
San Francisco, California
Own a lucrative acupuncture practice in San Francisco
Learn more about this extraordinary opportunity to step into a profitable practice in a gorgeous area, currently offered at an amazing price!
Unique opportunity to own a lucrative, well-known practice in the heart of San Francisco. Brannan Street Acupuncture, currently the acupuncture and Chinese medicine practice of Dan Abels, is well located in the city’s South Beach neighborhood near downtown. With an affluent, health-conscious population and years of consistent return business, the opportunity to continue this abundant practice is available from day one.
Imagine making more than $280,000 per year with plenty of time off for vacation. No additional marketing necessary—the reputation of this practice keeps a steady flow of new patients streaming in. Low overhead, consistent patient flow, and a decade of records mean you’ll continue to keep your costs predictable.
Add practitioners, sell herbal medicine, or do some marketing, 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, this practice offers you the chance to hit the ground running. Step into this rare, once-in-a-lifetime opportunity to run the practice of your dreams in one of the most beautiful, vibrant, and sought-after areas in the country. Call or email us today, come by and spend some time with us, and be thriving in a couple of short months.
Learn much more below.
Income & Expenses
Opportunities for Growth
Video & Photos
- The City of San Francisco has close to 900,000 residents, with about 4.7 million people residing within the greater San Francisco Metropolitan Area.
- It is the cultural and financial center of the western United States, and one of the country’s most cosmopolitan cities.
- U.S. News & World Report ranks San Francisco as the top place to visit in all of California, and in the top-20 for the whole planet. It is also ranked as the top “foodie” destination in the country and is known for its exceptional educational institutions and for being at the epicenter of the technology industry.
- For 10 years, the clinic has been based in the South Beach neighborhood, one of San Francisco's most exciting and fastest growing areas.
- With its central location, extraordinary weather, and easy transit access, it is hardly a surprise that this once-industrial area is the focus of the city’s housing boom.
- What's more, this bustling neighborhood is right next door to some of the region's biggest job centers in Mission Bay, SOMA, and the Financial District, and just seconds away from AT&T Park - Home of the San Francisco Giants, high-tech shopping at The Metreon, and high culture at the San Francisco Museum of Modern Art (SFMOMA).
- The clinic is located in a mixed commercial-residential area surrounded by tech startups and contains three beautifully furnished treatment rooms, a reception area, as well as a bathroom shared by other tenants of the building. It is a short walk to busy businesses and shopping districts and public transportation.
- Brannan Street Acupuncture is a non-specialty practice, seeing everything from subclinical and acute orthopedic conditions to chronic issues that have not responded to other medical interventions.
- A large percentage of chief complaints are musculoskeletal and stress-related, and treatments for women’s health concerns are also quite common.
- The patient population spans children and teens to great grandparents, and most everyone between. That said, the practice tends to see more women than men, mostly between 30-60 years old.
- Most patients are well-off professionals, and the clinic is split between cash paying patients and those with insurance.
- Prior to mandatory Covid shutdowns, the current owner averaged 80-90 patient visits per week. Currently, 60-70 is the norm.
- Many patients have been coming in consistently for years. The practice does no marketing, and most new patients come through word-of-mouth and the clinic’s exceptional online reviews.
- Brannan Street Acupuncture has been quite uncomplicated in the methods used to treat patients, primarily employing classical Chinese medicine: diagnostics and treatment modalities. These include acupuncture, cupping, and limited smokeless moxa.
- The current owner has trained with Matt Callison and Whitfield Reaves, and thus leans toward a more western/anatomical approach when it comes to orthopedic issues.
- The current owner uses much more electro-acupuncture than cupping or gua sha and tends to finish most sessions with a targeted deep-tissue massage.
The following income and expense summaries are derived from income and adjusted* expenses from 2017-2020. Note that the current owner works five days per week and takes three weeks of vacation per year.
Gross yearly revenue: $280,707 (23,392/month)
Adjusted* expenses: $67,986 yearly ($5,665/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, etc. are removed from gross expenses to calculate adjusted expenses.
Average $212,720/year ($17,727/month) - About 75% of revenue is profit after expenses
- The price is based on a conservative professional valuation of over $220,000, with an average yearly gross over $280,000 for 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 valuated price for potential attrition and start-up costs on change of ownership. He expects the right person will retain his 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 be willing to help finance the transaction for the right buyer.
- 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 clinic-related intellectual property including the clinic phone number, webpage, social media accounts, OfficeAlly EHR system, Schedulicity online scheduling program, and claimed Yelp page.
- The clinic currently includes two massage therapists with very unique treatment styles. Both are independent and may be interested in assisting with the transition and/or staying on with the practice if so desired by the new owner.
- 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 mutually agreed to length of time to train a new owner in his 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.
- Use three rooms – The current owner uses only two rooms while treating patients. A new owner may have a different style that permits the use of all three rooms, allowing for more patient visits.
- Add additional practitioners – In addition to or in lieu of using more rooms, the practice could support at least one more provider during the times when the office or the third treatment room is unoccupied.
- Do additional marketing - The practice does very little overt marketing. There is a database full of patient information and email addresses available to connect and market directly to current and former patients, but the clinic has been busy enough that it hasn’t been using these resources. Leveraging these and other methods to market directly to current and former patients, as well as existing and new potential referral sources, offer great opportunities for an increase in new patients and a return of pre-existing patients.
- Improve online presence - The current owner has been extraordinarily successful without putting ongoing effort into blogging and social media. Paying more attention to the website, Facebook page, adding Instagram, going after Yelp reviews, etc. are all ways of improving the online presence of the business in order to generate more revenue.
- Sell more supplements - Only a limited number of patients are prescribed herbal medicine. Giving a greater percentage of patients the option of supplements offers another opportunity for increased revenue.
About San Francisco
Photos of the Clinic (click to enlarge)
Take advantage of this once-in-a-lifetime opportunity to step into an established, turn-key practice in a gorgeous city! Call (415) 203-5177 or click here to email us today.
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