Price: $500,000
Location: Colorado
Industry: Health Care and Fitness
Listing ID: Wellness2
Listing Status: New
This diversified regen/recovery therapy practice offers over 30 treatments supervised by an experienced medical director and performed by approximately 20 specialized sub-contractors. The practice has independent contractor agreements with its numerous specialists, which include an anesthesiologist with a specialty in pain management, several IV specialists, a phlebotomist, a physical therapist, several massage therapists, kinetic therapists and a full-time office manager. The practice also maintains an affiliation with a local orthopedic surgeon and a plastic surgeon who work with the practice on a limited, part-time basis. The business operates in a luxury office complex where each office is individually owned as an office condominium.
The owner of the business also owns the space where the business operates, and would lease the space to the new owner of the business. The lease terms would continue the existing rent for three years with two three year extension options and an annual rent escalation of 5% per year. The business is offered at $550,000.
The real estate can be offered separately for $2.4mm, $2,400,000 ($1,958/sf). Included in the sale of the real estate is an indoor parking space in a heated parking garage only steps away from the office. Indoor parking spaces in this building are currently selling for $250,000/space.
Down Payment: $550,000
Total Sales: $810,000
Cash Flow: $175,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
Accounts Receivable Included: No
FFE: $150,000
FFE Included: Yes
Inventory: $24,000
Inventory Included: No
Year Established: 2016
Non-Owner Payroll: N/A
Employees: 20
Managers: 2
Absentee Owner: No
Lease Option: yes
Real Estate: $2,400,000
Real Estate Included: Yes
Monthly Rent: $9,000
Type of Location: Luxury mixed-use office building complex
Square Footage: 1226
Franchise: No
Relocatable: Yes
Facilities Information: Fully equipped regenerative therapy practice offers over 30 treatments ranging from acupuncture, IV therapy, massage and physical therapy, recovery therapy, and specialty product sales. The real estate includes one indoor parking space in a luxury heated garage just steps away from the elevator that leads to the practice's front door. Indoor parking spaces in this building are currently selling for $250,000/space.
Terms and Conditions?: The business and the real estate would be sold together, if possible.
Reason For Sale: Retirement.
Training & Support: Up to 12 weeks of training with further consultations possible by separate agreement between buyer and seller.
Competition: The business is located in a wealthy market of health-conscious people. There are competing practices in this market, but this practice is the most comprehensive.
Potential Growth: The business model could be replicated in other markets.