Here’s a unique opportunity to acquire a steady, high-revenue niche (85% facial rejuvenation) practice / brand in Denver, Colorado’s beautiful and affluent Cherry Creek / Washington Park neighborhood, including an organic skincare line!
Step into this exceptional opportunity to run the practice of your dreams in one of the most gorgeous and prosperous, growing cities in the US with very lovely long-time patients! Acquire this health-conscious, educated, wealthy patient clientele passed on from a sole practitioner with almost 20 years’ experience in facial rejuvenation acupuncture and a total of 30 years in natural health.
You will attain training in her own specific and highly effective facial rejuvenation technique. No other practitioners in the country are trained in this style, and some patients travel from other states for her facial rejuvenation services. So, unlike many other practice buyouts, this patient clientele will be retained, because you will be the only practitioner trained in her facial rejuvenation technique!
40% of the practice is women’s health, fertility and pain management with only <5% insurance (United Healthcare).
Grossing over $97,000 in 2019, $81,000 in 2020 with COVID restrictions and 2021 exceeding profits before restrictions at $99,000 with 10 weeks of vacation.
DEMOGRAPHICS:
The clinic is 85% facial rejuvenation and 40% fertility / women’s health / pain management for those who haven’t responded to other medical interventions.
The patient population has spanned from children to patients in their 90’s. A mostly female clientele, with the median age between 30’s and 50’s.
Most patients are affluent individuals who pay via health savings account, credit card, check or cash at time of service. Less than 5% are billed to United Healthcare that practitioner submits via the United Healthcare link at no charge.
A majority of patients have been coming in consistently for as long as 30 years. No formal advertising since the first year the acupuncture practice opened almost 20 years ago. Most referrals are word of mouth, from marketing events (every six months or as infrequent as one year) or found via Google search.
650+ patients in updated database, averaging 50 treatments per month (facial rejuvenation treatments are 90 minutes and cost just under twice the amount of a regular 1 hour visit).
The clinic also gets referrals from other natural health practitioners as well as other acupuncturists in the area.
Most patients live less than five miles away from the clinic, with others traveling 30 minutes from the suburbs and a handful from further away.
Info + Details
$97,000 gross
for 2019
$81,000 gross 2020 w/ Covid restrictions
$99,000 gross for 2021
3 days per week
10 weeks of
vacation
in 2021!
INCOME & EXPENSES:
Income –
2019 Gross Revenue ~ $97,000
2020 Gross Revenue ~ $81,000
2021 Gross Revenue ~ $99,000
Expenses –
2019 Adjusted Expenses ~ $30,000 (old office space rent was much more)
2020 Adjusted Expenses ~ $20,000 (moved to new office space in April 2020)
2021 approximated annualized expenses $15,000
Net Profit –
2019: $67,000
2020: $61,000
2021 approximated annualized $80,000
PRICING:
Negotiable for practice + skincare business
Possibility for paced buy-out, as well
Pricing includes all office furniture, supplies, equipment and herbs.
Based on the high revenue / profit numbers + owner’s intellectual property / training in specialized technique and formulas for profitable organic skincare line.
No other practitioners in the US are trained in her facial rejuvenation technique.
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 credit check and loans from medical practice brokers, banks or the Small Business Association (SBA) may be able to finance the transactions depending on buyer’s creditworthiness.
Upon purchase, the new owner will acquire all patient records and equipment in addition to supplies.
The current owner will also transfer to the new owner all clinic-related intellectual property, the website, phone number, social media, email accounts and clinic-related financial information.
The current lease expires October 2022 and landlord is amenable to an extension.
MODALITIES:
85% facial rejuvenation utilizing own specialized technique.
40% women’s health, fertility and pain treatment.
15 to 20% are utilizing powdered herb formulas, 40% are on recommended supplements / vitamins. This could be increased easily by new practitioner.
40% of the practice is women’s health, fertility and pain management with only <5% insurance (United Healthcare).
Grossing over $97,000 in 2019, $81,000 in 2020 with COVID restrictions and 2021 exceeding profits before restrictions at $99,000 with 10 weeks of vacation.
Currently seeing patients only 3 days per week. Single treatment room with opportunity to add additional space in loft-style, affordable, easy-to-find, fully accessible building in the Cherry Creek / Washington Park neighborhood. Easy to expand availability and increase profits by adding in more hours and promoting more herbal options. Rent an additional affordable treatment room within the building to see more than one patient at a time, add in more insurance patients, or add on another practitioner for weekend treatments to increase profits, as well.
Practioner has been building another career in the film industry, so she hasn’t had the capability of expanding this practice as much as it could be. She’s leaving natural health and Colorado for this other career.