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Wellness Clinic For Sale – established cashflow with high growth potential (Port Credit, Mississauga)

Wellness Clinic For Sale – established cashflow with high growth potential (Port Credit, Mississauga)

Category: Marketplace / Practice For Sale

Description:

About the Opportunity

  • Great opportunity for newly graduated or growth oriented chiropractor to purchase an established cashflow wellness clinic in a high visibility location, on which to then develop their own chiropractor business within the existing patient base with minimal further capital investment.
  • Operating in Port Credit and Mississauga since 1995. Current location for 16 years.
  • Current owner is licensed acupuncturist and registered massage therapist working full-time in clinic, who seeks to semi-retire.
  • Port Credit, Mississauga is a vibrant, affluent and growing community with thousands of new condominiums being constructed within a 10 minute drive of clinic.
  • Currently 8-9 staff members at clinic.

Current Services

  • registered acupuncture
  • registered massage therapy
  • traditional chinese medicine
  • cosmetic acupuncture

Financial Highlights

  • 2022 revenue estimated to be between 540k-560k.
  • Best estimate of normalized net earnings attributable to a non-practitioner owner is $160k in 2022 based on current year to date results. Estimate already nets cost for non-practitioner owner to replace full-time clinician hours of current owner at market rates.  Any chiropractic income would be fully incremental to these estimates.

Client Statistics

  • 4,500 total patient visits in 2021 and 2,700 in the first six months of 2022.
  • 3,500 active and inactive unique patients in patient management system

Facilities

  • Ground floor building with street frontage onto Lakeshore Road.
  • Currently four patient rooms operational. Bright, open reception.
  • Free parking in lot behind building and on side streets around building. Paid parking on Lakeshore Road.
  • Clinic currently operating out of 600 square feet. In spring 2022, assumed an additional 550 square feet to allow future purchaser to expand treatment room capacity for up to 8 treatment rooms or offices.

Contact Email:  westgtacpa@gmail.com