PRACTICE FOR SALE – PORTLAND, OR – MAKE AN OFFER!
PLEASE EMAIL TO DRDUMOULIN@HOODTOCOASTHEALTH.COM
Dr. Du Moulin is currently on maternity leave and highly motivated to sell! She is open to all offers!
This well-established 8+ year Naturopathic Clinic presents a great opportunity for a functional medicine MD, an experienced ND or NP comfortable with medication balancing, to take over a consistent and thriving holistic medicine clientele and enjoy a profitable practice – or expand on a clinic with great potential for quick growth from solid roots. Owner has built the Clinic from scratch and doesn’t want to sell! But with a baby on the way and clinics in two other cities, she has to let go – and is hoping to quickly find the right person to care for her dedicated patients.
Located in an 1880’s converted home in trendy and quickly densifying NW Portland, the Clinic’s custom indoor finishes create a cozy and warm healing environment, nestled in a neighborhood where new residential and retail mixed-use buildings seem to regularly spring up. The Clinic has two treatment rooms for office visits; a back room (convertible to another treatment room) currently used for blood draws, storage, specialty lab storage with a fridge for IV supplies and injectables, and a full in-house supplement and herbal medicinary; and one dedicated parking space for patients with ample street parking available for others. The listing price includes: all supplements (b/t $10,000-$15,000 worth, depending on stock), all lab kits, fridge, existing lab and other third-party provider accounts, 2 iMac desktops (new), recently upgraded furniture, and all current art and design elements. Staffed by an experienced full-time office manager/assistant, this is a turn-key practice you could slip into and immediately focus on what is important – your patients.
Owner currently sees 25-30 patients a week on Mondays and Tuesdays, with a focus on hypothyroid, autoimmune thyroid, hormone balancing and hormone replacement therapy for men and women, and all autoimmune disease management (with some mental and emotional health treatment as well). The Clinic’s strongest referral base is for hormone replacement and hormone imbalances. Currently, an LMT and LAc both work on a part-time contract basis as they grow their practices, and a medical assistant currently works on Fridays.
Owner’s regular practice areas also include:
Some IVs, simple, 2-3 ingredients and Vitamin Injection therapies; and some Chelation IVs Primary care and medication management Some controlled substance management, including ADD medications, anxiety, and sleep medications Comprehensive cardiac panel and cardiac prevention management GI issues including colitis, SIBO and other dysfunctional GI issues Hypothyroidism and AI thyroid disorders Medical weight loss and metabolism disorders Chronic pain and inflammation management Mental and emotional imbalances including some medication management and supplemental support HPA dysregulation and adrenal medication and supplement management 23andMe and Strategene genetic report consulting and management
The Bottom Line & Opportunity for Growth
The Clinic has seen consistent and expanding year-over-year income growth, with a 2018 take-home income of approximately $160,000 from a gross income of about $290,000 (approximately 75% insurance payments and 25% cash payments). The growth of the clinic has been solid to exceptional, with gross revenues increasing 11% from 2016 to 2017, and 28% from 2017 to 2018, leading to Owner’s net profits increasing 7% in 2017 and 60% in 2018. During the same period, the contract ND’s revenues have increased 78% and 75% respectively – though her new practice started from an admittedly low baseline. The Clinic is in a high-growth phase of its existence and represents an incredible opportunity for a motivated buyer to capitalize on this momentum and take advantage of a very high ceiling for future growth.
With the Owner only working two days per week, and the current LMT and LAc both growing their practices, this is a great opportunity for you to grow your own full-time practice or mentor/develop other practitioners in the space while maintaining a comfortable income from existing patients. The great location, strong patient base, and flexible opportunities for future growth present a great opportunity for an experienced buyer to take over a comfortable and growing practice, while providing the flexibility for determining how you will grow the Clinic in the future.
Price and Payment: Make an Offer!
The Clinic is listed at $240,000 based on current revenue, growth history, and the value of assets that will be transferred. With that said, Dr. Du Moulin is currently on maternity leave and does not have the ability to manage this clinic with her other 2 clinics due to the arrival of her daughter. She is open to hearing all offers and needs to sell by 7/31/19. All cash buyers will be given preference, but Owner will also consider extending longer term financing for a phased purchase from the right buyer and will entertain other reasonable offers. Owner will work with the buyer throughout the transition period and will provide reasonable consultation services after purchase if desired.