This practice has been serving the Centennial Colorado community for thirty years. The 1750 sq. ft. clinic is located in a professional building with adequate parking. The rent on the clinic would be $3,757.00 per month. This clinic enjoys dozens of 5 star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $70,000.00. The clinic does have EHR w/Chirotouch. There is no on-site Xray. Tables are Drop, Flexion/Distraction and Decompression. The office was recently remodeled. The technology, server, laptops and computers are between 1-5 years of age. The website is hosted by Chiromatrix.

Centennial is located just south of the Denver metro area in Arapahoe County and is one of Colorado’s newest and largest cities. Centennial is home to the Streets at SouthGlenn, which offers a variety of shops, boutiques and restaurants. Centennial is an upscale community with a population of 103,545 and its surrounding county has a population of 655,853.   

During the last 12 months, this practice averaged 26 new patients per month and 477 monthly office visits. This puts the patient visit average at 18. For the same 12 months the practice averaged $58,0371.00 in monthly services rendered and $45,509.00 in monthly collections. This puts the collection percentage at 78%. The average patient visit is $96.00.

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 to retire and move out of state.

The current owner describes this practice as offering a full range of chiropractic care along with PT and massage.

Chiropractic techniques of choice are Diversified, Flexion/Distraction, Decompression and Arthrostim. 

The clinic currently staffs one office manager, one front desk manager and one tech assistant. There are two massage therapists that are independent contractors.

The owner states that they do not have any malpractice suits or board charges active or currently pending. The owner pays 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 $19,000.00.

New patients are primarily gained through: 
60% Patient referral
20% MD/Attorney
20% Other

The practice is:
84% Cash
4% Workers Comp
12% Personal Injury
10% Major Med

Current office hours are: 
8:45am until 6:00pm Monday and Thursdays – Lunch 1:00pm-2:30pm.
8:00am until 6:00pm Tuesdays – Lunch 1:00pm-2:30pm.
8:45pm until 3:00pm  Wednesday and Friday- Lunch 11:30pm-12.
8:30am until 11:15m Every Other Saturday.
The practice is closed on the remaining days.

INCOME: 
2022- $453,689.00
2023- $546,503.00
2024 projected- $456,104.00
3 year average= $485,432.00