Long Established Chiropractic Practice w/ Property - 35572 Business Type: business with property available,healthcare related services,misc. service/non-classifiable,other personal services,professional services,health/medical/dental practices
Acted as the Advisor to the Deal
Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $99,000 | Down Payment | $99,000 |
Gross Revenues | $300,520 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $155,144 | Number of FT Employees | Register Free to View |
Financing
$99,000 Down and Owner willing to sell as a package deal through PMTG Realty Group for an additional $600K with a direct seller mortgage over 30 yrs. @ 8% with a balloon after 10 years. .
Business Description
Long Established Chiropractic Practice and Building for Sale! Price Reduced.
Established for over 35 years, this seller is ready to retire and move out of state.
However, he is willing to stay on board for up to 12 months post-sale to ensure a smooth transition with existing patients.
He has built a stellar reputation and has great reviews. In the past year the business grossed $300,520 with a documented owner’s cash flow of $155,144. Sales are down in 2023 due to a family tragedy.
The seller owns the building and is willing to sell it as a package deal through PMTG Realty Group for an additional $600K with a direct seller mortgage over 30 yrs. @ 8% with a balloon after 10 years.
In additional to the chiropractic office, there are 3 tenants paying monthly rent.
For a seller financed deal on the property, we are seeking a serious and financially qualified buyer with at least $200,000 in liquid funds to cover the $137K business asking price, plus 10% down on the property.
The ideal buyer would be another chiropractor. An established chiropractor may qualify for SBA lending.
Alternatively, this may be a fit for any other health/medical service (acupuncture, dental, medical, physical therapy, etc.)
Proof of funds will be requested before any buyer or seller calls or meetings. All meetings must be made by appointment only!
To learn more, please call, text, or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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