Thrive Acupuncture + Wellness

Rapid City, South Dakota

(831) 239-5878

Own a lucrative, high-net Chinese medicine practice in gorgeous South Dakota!

Step into this rare, once-in-a-lifetime, turn-key opportunity to run the practice of your dreams. Call or email us today, come by and spend some time with us, and be thriving in a couple of short months!

 

About Us

Ready to leave the rat race?


Unique opportunity to own a lucrative, high-net practice, mostly-cash practice near the famous Black Hills of South Dakota.


Thrive Acupuncture and Wellness (Thrive), currently the acupuncture practice of Nic Krueger and Alan Suhr, is located in Rapid City.


South Dakota considers Chinese medicine an essential service during the COVID-19 outbreak, and the clinic has continued to succeed under special clean field and social distancing guidelines. 


Imagine making $180,000 per year with two months off for vacation, with no state income tax! And no marketing necessary—the reputation of this practice keeps a steady flow of new patients streaming in.



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Low overhead, years of records and consistent patient flow mean you’ll continue to keep your costs predictably low. Add more hours, hire an associate, sublease some of your space or accept insurance, 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, Thrive 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 historic, tranquil, and beautiful areas in the country. Call or email us today, come by and spend some time with us, and be thriving by the end of the summer.


Learn much more below.

  • The Setting
  • Patient Demographics
  • Modalities Utilized
  • Income/Expenses
  • Pricing/Terms
  • Opportunities for Growth
  • Photos

Asking $97,500 $82,500 OBO.

 

  • The price is based on a conservative professional valuation of almost $125,000, with an average yearly gross of about $180,000 for the past few years.
  • The owners’ motivation to sell in a timely fashion has allowed them to generously factor in a discount of over 35% off of the valued price for potential attrition and start-up costs on change of ownership. They expect the right person will retain their patients and transition smoothly, making this a great opportunity for the buyer.
  • The purchase will be structured as an asset purchase agreement and may be drawn up between buyer and seller (preferred) or by attorneys, at the discretion and by agreement of both parties.
  • Approval of the buyer is subject to a credit check, and loans from medical practice brokers, banks, or the Small Business Administration (SBA) may be available to finance the transaction depending on the buyer’s creditworthiness.
  • The seller may also be willing to hold the loan given a down payment from the buyer and a good credit history.
  • Upon purchase, the new owner will receive all patient records and equipment, in addition to any supplement inventory.
  • The current owner will also transfer to the new owner all clinic-related intellectual property, including the clinic phone number, website, claimed Yelp page, Facebook page, Office Ally EHR and billing system and clinic-related financials.
  • The landlord is willing to transfer the lease and the current owner will facilitate interaction with the landlord in order to secure favorable lease terms.
  • The current owners’ goal is to surrender the practice by the end of 2020. They would be willing to stay on for a limited time to train a new owner in their techniques and to assist in the transition, if so desired by the new owner, at no additional cost.

Take advantage of this rare opportunity to take over an amazing Chinese medicine practice in Rapid City, South Dakota. Fill out the contact form below, call (831) 239-5878, or click here to email us today.

Anything specific you'd like to ask us?

 

Copyright 2020 - Thrive Acupuncture + Wellness