Unique opportunity to own a lucrative acupuncture practice in Carlsbad, California

The following income and expense summaries are derived from an average of income and adjusted* expenses from 2015-2017, and adjusted expenses from YE2017. Note that Mr. Woolley has office hours five days per week and takes up to three weeks off per year.

Income

• Average gross yearly revenue (3 years): $48,300+ ($4,000+/mo)

Expenses

• Average adjusted expenses: $28,284 yearly ($2,357/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. 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 $20,050 per year (~$1,671/month)

• $29,950 OBO. The price is based on a conservative professional valuation of almost $35,000, with an average yearly gross of about $48,000 for the past several years.
• The owner’s motivation to sell in a timely fashion has allowed him to generously factor in a discount off of the valued 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 also be willing to hold the loan given a 50% down payment from the 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 all clinic-related intellectual property, including the clinic phone number, website, claimed Yelp page, Office Ally EHR and billing system 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 Spring 2019. 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, at no additional cost.