This listing is now under the terms of an exclusive Letter of Intent. The due diligence period is due to end at the end of July.
Over 40 years in operation and still going strong. The Owner considers this Company to be one of the only comprehensive pain management clinics in the area. They handle patients with acute pain and have Chiropractors, Medical Doctor and Physician’s assistant allowing them to treat patients with both a chiropractic (holistic) and medical (traditional) approach.
They are a chiropractic facility first and foremost and provide traditional chiropractic treatment, however, they also provide comprehensive health care services, including wellness, physiotherapy, massage, as well as exercise and rehabilitation. The comprehensive services include diagnostic and physical examination procedures, i.e., orthopedic neurological and physical examination, on site neurodiagnostic EMG/NCV and vascular diagnostic services. They also provide blood laboratory testing, and evaluations. Offsite diagnostic services include MRI, bone scan, and blood lab testing.
The company has been treating patients for almost 40-years. This long and successful history continues to supply them with a large base of clients and referrals. They also receive referrals from numerous emergency rooms, critical care facilities, and hospitals as well as other medical and chiropractic practitioners.
The business does not require any licenses to operate but each Chiropractor, massage therapist, Physician, and Physician’s Assistant must carry their own personal professional license.
This is a stand-alone building with ample parking for both businesses. The lot consists of 57,652 square feet of usable area. 4,800 square feet have been leased to a business which sells medical supplies. This tenant currently pays rent of $5,800 per month and the rental agreement is due to end this coming July. The tenant has an option to renew, which the current owner feels will exercise. This provides the new owner with $69,600 in gross annual income. This is a triple net lease with the landlord responsible for taxes, insurance, and facility maintenance. The healthcare facility operates out of the remaining 7,080. The total area of the clinic and retail store is 11,880 sf.
