Listing Number: 76931-414935
This clinic established in November 2014, specializes in physical therapy and chiropractics with traditional Chinese medicine treatments. It provides services for pain and stress release through acupuncture, massage therapy, cupping, and herbal steam. It also offers ear candles, seeds, and lymphatic drainage services.
There are two locations in the northern part of Houston. One is a leased property of 2,000 sq ft, The current annual rent for the lease property is $38,800, including NNN. Another one of 1013 sq ft is owned by the seller. The owned property can be leased or purchased at the buyer's option. The price of the owned property is $210,000. If it is leased, the annual rent is $15,750 plus NNN of $9,230, totaling $24,980.
The total revenue of the two locations in 2022 was $407,798 with an EBITDA of $ $124,079 and SDE of $222,323. The price for the business is $248,000. Seller financing is available to qualified buyers.
Currently, the business is owner operated. The owner is a Chinese medicine doctor with a license. She would like to sell the business to someone who has the experience and capacity in marketing and management that she lacks. The owner would like to focus on her professional expertise in Chinese medicine and can stay as an employee or small shareholder after the closing at the buyer's option. It doesn't require a license to own the business. However, the therapists who provide the services need massage therapist licenses or chiropractor licenses.
- Price: $ 248,000
- Down Payment: $148,800
- Sellers Discretionary Earnings: $ 222,323
- Total Sales: $ 407,798
- Location: Harris County, Texas
- Inventory: $ 500
- FF&E: $ 30,000
- Employees: 2
- Year Established: 2014
- Reason for Selling: Lack of marketing and management skills, needs help to grow the business
- Category: Medical Related Biz