Opportunity Detail

Type: Practice for Sale

Space for Sale

Employer/Practice: Catherine Burns

Address: 4546 El Camino Real Suite B6 Los Altos, CA 94022

Phone number: (650) 281-5867

Email Address: cburns@realhealthwise.com

Web Address: https://realhealthwise.com/

Job/practice location

Los Altos, CA

About the Employer

I've been in practice 30 years and at the same office 27 years.  I would like to transition to someone who will take care of the dear people and families I've known.  This is a concierge style practice, taking time for individuals.  Strong connections with Stanford, PAMF, and local chiropractors and other healthcare providers.  I've also worked with several NIH studies and have connections for you.

Job Description

Unique opportunity to own an established, low maintenance, nearly all cash practice in the heart of Silicon Valley. Real Health, currently the acupuncture and Chinese medicine practice of Catherine Burns, is located between San Jose and San Francisco in Los Altos, with an additional office available in nearby San Carlos. With an affluent and health-conscious population and almost 30 years of consistent return business, the opportunity to have an abundant practice drawing from two major metropolitan areas is available from the moment you step in. Imagine making well over $100,000 per year working only two days per week with a month off per year for vacation. No marketing necessary—the exceptional reputation of this practice keeps a steady flow of new patients streaming in. Low overhead, years of records, zero employees and consistent patient flow mean you’ll continue to keep your costs predictably low. Add more hours, accept more insurance, and/or take over the San Carlos location 20 miles away, and you have the chance to add even more success to an already prosperous practice. Whether you are a practitioner who is just starting out, or an established clinician with some years under your belt, this practice offers you the chance to hit the ground running. Step into this rare, once-in-a-lifetime, turn-key opportunity to run the practice of your dreams in one of the most prosperous and recession-proof areas in the country. Call or email us today, come by and spend some time with us, and be thriving in a couple of short months. The Setting Located in the heart of Silicon Valley, Los Altos and San Carlos are situated between San Francisco to the north and San Jose to the south and are just a few miles from Stanford University. Each community has a population of just over 30,000, with easy access to much of the larger San Francisco and San Jose Metropolitan Areas—6.5 million people. At the epicenter of the high-tech industry and the mid-point of the beautiful San Francisco Peninsula, Los Altos and San Carlos are known for their great climate and profound sense of community. They are also known for their exceptional climate, with an average of 255 sunny days per year. Los Altos and San Carlos have also won numerous awards for the quality of their schools, the safety of their communities, and the exceptional amenities of their adorable downtown shopping areas. For 27 years, the main clinic for sale in Los Altos has been located in an established building just minutes from two major interstates on Silicon Valley’s most famous thoroughfare, El Camino Real. The space consists of a large reception area and waiting room with floor-toceiling windows overlooking a courtyard, three treatment rooms, and a back office with desk, bookshelves, and sink. There is plenty of free parking and easy access to public transportation. Patient Demographics Real Health is a non-specialty practice, seeing everything from subclinical and acute orthopedic conditions to chronic issues that have not responded to other medical interventions. Current specialties include digestive problems, women's health issues, fertility, allergies, pain, and stress. The patient population has spanned from infants to great grandparents and everyone in between. That said, the majority of the current patient load consists of women between the ages of 25 and 60. Many patients are high-earning professionals who are associated with local tech companies and nearby Stanford University. Most continue to come in for maintenance on a consistent basis, and nearly all patients pay in full at time of service. Almost no insurance billing! Given the owner’s long history in the area, almost all patients are referred by word-of-mouth, and some come through the practice’s online presence and exceptional reputation. The current owner is happy to provide years of past calendars to prove consistent patient volume. Modalities Utilized The current owner employs Zang-Fu and channel theory diagnosis and treatment methodologies, as well as Richard Tan’s Balance Method, Master Tung points, and some Kiiko Matsumoto/Japanese Acupuncture techniques. Cupping and moxibustion are used as appropriate. A large part of the practice also involves Qigong. About a third of patients are prescribed herbal medicines. Income and Expenses The following income and expense summaries are derived from an average of income and adjusted* expenses from 2019-2021. Note that the current owner has office hours two days per week in the Los Altos office and takes up to four weeks off per year. Income Average gross yearly revenue (3 years): $143,464 ($11,955/month) Expenses Average adjusted expenses: $54,353 yearly ($4,529/month) *Adjusted expenses are the net expenses that a new owner would have to take on in order to run the business at the same level of revenue as the current owner. Net Profit: Average $89,111 per year ($7,426/month)

Qualifications

Knowledge and appreciation of the treasures of Acupuncture, Herbs, - Qigong would be great too.  Many Apple, Google, and local older patients.

Short Description

Strategy: Seeks Acquisition Average Gross Yearly Revenue (2019-2021): $143,464 Office Location: Los Altos, California Average Monthly Revenue / Expenses: $11,955/ $4,529 Website: SellingAPractice.com/RH Asking Price: $119,500

How to contact

Text 650-281-5867 or email cburns@realhealthwise.com