Rare opportunity to purchase a thriving, YOUNG chiropractic practice for sale in the suburbs just south of Minneapolis, Minnesota. The rapidly growing practice is only 3+ years old, but the Seller wishes to move out of state to keep the grandparents happy – so this is your chance to buy and continue to ride the wave of growth upward!
This business offers you a “best of both worlds” location where you are located just 30 minutes from Minneapolis or St Paul, but with the comforts and conveniences of the suburbs. Get easy access to the cultural amenities, sports, arts, concerts and big city shopping in Minneapolis AND be minutes from the Mall of America, the Minnesota River, area lakes, skiing, local hiking trails and so much more! Sports fans will love that they can take in a game and cheer for several local pro teams such as the Vikings (football), the Twins (baseball), the Timberwolves (basketball), the Wild (hockey) & more!
Leave your insurance worries behind because this practice is 90% CASH (with the remaining income from Personal Injury). The business was started late 2019, and despite COVID, got off to a good start to collect over $200k in 2020. In 2021, the clinic added another $150k of growth to land at $380,000 in collections. And in 2022, this practice is on pace to hit approx $450,000 – with healthy six-figure profit margins!!
The practice already enjoys an excellent reputation in the community and a steady stream of new patients thanks to an effective online marketing strategy (that you can easily continue) and tons of positive 5-star Google reviews.
You couldn’t ask for a better location as the practice is in strategically positioned in the historic downtown and this suburban community has been ranked the fastest growing city in Minnesota consecutively for the last 8 or 9 years. The practice is within blocks of multiple great restaurants, breweries, ice cream stores, a curling rink, escape room, coffeeshops and it is very walkable. In addition to those who come to work downtown, there is tremendous business and family growth in the area, with a high average income level and tremendous growth in the area.
This practice qualifies for financing with as little as $17,000 down! The business is primed and ready for you to step in to succeed and the owner is willing to stay for a smooth and extended transition (if desired) so inquire today!
