This thriving practice has been serving the Naples community for forty years. The 3000 sq. ft. clinic is located in a free standing building in excellent condition with adequate parking. The rent on the clinic would be $10,000.00 per month. This clinic enjoys 5 star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $54,000.00. The clinic does have EHR w/Chirotouch. There is on-site digital Xray. Tables are Drop, Flexion/Distraction and HiLo. 

Naples is an upscale affluent city on the Gulf of Mexico in southwest Florida that’s known for high-end shopping, golf courses and miles of beaches with calm waters and fine white “sugar” sand. Naples Florida and its surrounding county has a population of 400,000.   

During the last 12 months, this practice averaged 55 new patients per month and 984 monthly office visits. This puts the patient visit average at 18. For the same 12 months the practice averaged $119,671.00 in monthly services rendered and $100,483.00 in monthly collections. This puts the collection percentage at 84%. The average patient visit is $100.00.

All fees are commensurate with others in the area. There are NO receivables figured into any of our formulas.

The owner is wanting to sell in order to retire.

The current owner describes this practice as offering a full range of family and pediatric based chiropractic care and massage. *Two doctors offer animal chiropractic services, which generates approximately $70,000.00 per year.

Chiropractic techniques of choice are Diversified, Drop and Activator. 

The clinic currently staffs three independent contractor chiropractic doctors, one office manager, two chiropractic assistants and one massage therapist.  (*Independent contractors and the massage therapist are compensated on a percentage basis).

The owners state that they do not have any malpractice suits or board charges active or currently pending. The owners pay themselves a salary, but that salary is not included in the monthly overhead that would accrue to the buyer.  

The average monthly overhead is approximately $56,971.00. 

New patients are primarily gained through: 
10% Ads 
70% Patient referral
20% MD/Attorney

The practice is:
80% Cash
10% Medicare
10% Personal Injury

Current office hours are: 
8:00am until 5:00pm Monday thru Thursday.
8:00pm until 11:00pm Friday and Saturday.
The practice is closed on the remaining days.

INCOME: 
2021- $848,701.00
2022- $1,199,130.00
2023- $1,205,838.00
3 year average= $1,084,556.00