These dual practices have been serving the Coral Springs Florida community for thirty five years. The 1,600 sq. ft. and 1,100 sq. ft. clinics are located in strip malls with adequate parking. The rent on the clinic would be $3,830.00 and $3,200.00 per month. All equipment and furnishings to be sold with the practices are valued at approximately $15,000.00. The clinics do not have EHR. There is no on-site Xray. Tables are Bench and Flex/Distraction. 

The City of Coral Springs is 24 square miles nestled in the north-west corner of Broward County. Known for our family atmosphere and thriving businesses. The city is located approximately 20 miles northwest of Fort Lauderdale. Coral Springs Florida has a population of 130,445 with 2,003,068 in the surrounding Broward County.  

During January to July of 2024, these practices averaged 7 new patients per month and 236 monthly office visits. This puts the patient visit average at 34. For the same 12 months the practices averaged $75,703.00 in monthly services rendered and $41,222.00 in monthly collections. This puts the collection percentage at 55%. The average patient visit is $174.00.

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 chiropractic care, massage and physiotherapy. 

Chiropractic technique of choice is Diversified. 

The clinic currently staffs one chiropractic associate doctor, one office manager and one massage therapist.

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 $30,000.00. 

New patients are primarily gained through: 
40% Patient referral
60% MD/Attorney

The practice is:
20% Cash
80% Personal Injury

Current office hours are: 
2:00pm until 7:00pm Monday, Wednesday and Friday.
10:00am until 7:00pm Tuesday and Thursday.
9:00am until 3:00pm Saturday. The practice is closed on the remaining days.

INCOME: 
2022- $715,619.00
2023- 672,078.00
2024 projected- $494,669.00
3 year average= $627,455.00