Chiropractic Clinic/ NW Oklahoma City

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Asking Price:
$1,100,000

Gross Revenue:
$685,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,500
included in asking price

FF&E:
$150,000
included in asking price

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Business Description

Clinic enjoys a B2C business at a high-traffic, high-income location in NW Oklahoma City. Doctor works 3.5 days weekly, yielding double the median salary for U.S. chiropractors. Approximately 98-percent (98%) cash business, rather than insurance reimbursed. About 60% 50+plus age.

About the Business

Year Established:
2000
Number of Employees:
2 f.t.
Real Estate:
Leased
Building Sq. Ft.:
2,466
Lease Amount/Mo.:
$3,667.00
Lease Expiration:
6/30/2020
Facilities:
Monday-through-Thursday operation. 9 AM to 4 PM (M-W) and 9 AM to noon (Thur.)
Market Outlook/
Competition:
The chiropractic non-drug approach reflects the new realities of health care. 95% of recent chiropractic parties say they find chiropractic to be results producing, and 97% of last year's patients choose to see a chiropractor for neck and/or back pain.
Growth & Expansion:
With epidemic levels of prescription drug abuse and 500% increase in spine fusions, chiropractic patients prefer avoidance of riskier procedures.
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About the Sale

Reason For Selling:
Owner relocation.
Training/Support:
The owner will provide training and orientation to acceptable purchaser.
Seller Financing:
Seller will agree to subordinate owner-carry note to bank financing

Listing Info

ID:
1515129
Ad Detail Views:
701

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Business Listed by

Ken and Toni Ragsdale

Ragsdale & Associates, Inc.

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U.S. Census Data for Cleveland and Oklahoma Counties, OK
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cleveland and Oklahoma Counties, OK
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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