Chiropractic Practice at Bellevue Overlake For Sale

Business description

This is a well maintained chiropractic practice in the Bellevue Overlake area that has been established for 15 years. There are 2 chiropractors in the office including the owner, and the other chiropractor currently leases the space from the owner for $1,100/month, considered low for the area. Since the owner pays $2,610 for the entire lease, there is potential to charge the other chiropractor $1,300/month for sharing the space. The practice has a motion X-ray / static X-ray machine (also known as a videofluoroscopic X-ray machine), which allows the doctor to record motion-picture X-ray videos onto a VCR tape. This allows for better diagnosis, and impresses a lot of patients. There are currently less than 10 of these machines in the entire West Coast. The owner has started another business, and has spent less and less time seeing patients. For instance, the office closes at 1 pm 4 days a week. With a new owner/chiropractor who is willing to put in more time and energy, the business can be brought back to the level it once was and taken to the next level.

Property information

Real Estate:

Lease

Location:

Located only a few blocks away from the Overlake Hospital, this practice is located on the main street where many doctor offices are located. The location is very good. Square footage: 1,200-1,300. Rent: $2,610. Business hours: 7 am-1pm on Mon, Tues, Thurs, Fri., and 2-6 pm on Wed. There are 3 reserved parking spots for patients. Seating capacity: 7. Condition of building and equipment: good. Everything is well maintained.

Other information

Expansion potential:

The location cannot get any better. The motion X-ray machine along with the goodwill the owner has built up create a solid foundation for the new owner to expand. With an increased focus on marketing and the willingness to see more patients, the new owner can grow the revenues and profits of this well established practice.

Competition / Market:

Having been established for 15 years, this practice has an excellent reputation and thousands of patients in its database. The current owner would be happy to refer all his current patients to the new owner.

Support & training:

Negotiable

Reasons for selling:

Owner wants to focus more time on other business.

Financing available:

Broker can assist buyer in obtaining SBA financing.

Furniture / Fixtures value:

$70,640

Contact the seller