This successful practice has been serving the Coral Springs Florida community for the past thirty seven years. The 1,200 sq. ft. clinic is located in a professional building in excellent condition with adequate parking. The rent on the clinic would be $7,078.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $50,000.00. The clinic does have EHR w/DRChrono. There is no on-site X Ray. Tables are drop, HiLo and flex/distraction.The website is hosted by Optimized360. 

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 the last 12 months, this practice averaged 16 new patients per month and 396 monthly office visits. This puts the patient visit average at 24. For the same 12 months the practice averaged $101,764.00 in monthly services rendered and $63,778.00 in monthly collections. This puts the collection percentage at 62%. The average patient visit is $175.00.

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 sports chiropractic care along with physical therapy. 



Chiropractic technique of choice is Diversified, ART and Merrick. 

The clinic currently staffs one front desk employee and one employee for billing and patient checkout. 

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 $9,603.00.

New patients are primarily gained through:

60% Patient Referrals
   
20% MD/Attorney Referrals
   
20% Ads 

The practice is: 
   
40% Cash
   
30% Personal Injury
   
30% Medicare

 
The doctor participates in Medicare. 

Current office hours are: 


1:00pm to 6:00pm Monday-Thursday

8:00am to 12:00pm Friday

The practice is closed on the remaining days

INCOME:

2022- $863,946.00

2023- $765,113.00

2024 Projected- $775,079.00 

 3 year average= $801,379.00