This successful practice has been serving the Mechanicsville Virginia community for the past forty one years. The 2,100 sq. ft. clinic is located in a free standing building in excellent condition with adequate parking. The rent on the clinic would be $2,244.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $58,000.00. The clinic does have EHR w/ChiroTouch. There is on-site digital Xray. Tables are bench and drop. The website is hosted by Doctor Multimedia. The office enjoys hundreds of 5 star online reviews. 

Mechanicsville is a suburb of Richmond, Virginia.  Mechanicsville is in Hanover County and is one of the best places to live in Virginia. Mechanicsville has a population of 38,658 and the surrounding Hanover County area has a population of 115,436.   

During the last 12 months, this practice averaged 29 new patients per month and 716 monthly office visits. This puts the patient visit average at 24. For the same 12 months the practice averaged $44,236.00 in monthly services rendered and $30,771.00 in monthly collections. This puts the collection percentage at 69%. The average patient visit is $62.00.

The current doctor wishes to sell in order to retire.

All fees are commensurate with others in the area. There are NO receivables figured into any of our formula but these may be purchased at closing for an additional amount of money if both buyer and seller agree.



The current doctor describes this practice as offering a full range of family based chiropractic care along with physical therapy and massage. 

Chiropractic technique of choice is Diversified, Drop and Activator. 

The clinic currently staffs one office manager, one front desk employee, one physical therapy assistant and one massage therapist (independent contractor). 

The doctor states that they do not have any malpractice suits, insurance audits or board charges active or currently pending. The doctor does pay themself a salary, but that salary is not included in the monthly overhead that would accrue to the buyer. 



The average monthly overhead is approximately $14,901.00.

New patients are primarily gained through:

48% Patient Referrals  

2% MD/Attorney Referrals
   
50% Ads 

The practice is: 
   
36% Cash
   
1% Personal Injury
   
26% Medicare
   
36% PPO
1% Workers Comp

The doctor participates in most local insurance programs.

Current office hours are: 


9:00am until 6:00pm Monday, Wednesday and Thursday

3:00pm until 6:00pm Tuesday

7:00am until 12:00pm Friday

The practice is closed on the remaining days.

INCOME:

2022- $391,980.00

2023- $374,625.00

2024 Projected- $364,464.00 

 3 year average= $377,023.00