This successful practice has been serving the Allentown Pennsylvania community for the past seven years. The 1,500 sq. ft. clinic is located in a professional building in excellent condition with adequate parking. The rent on the clinic would be $2,900.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $9,000.00. The clinic does have EHR w/Rapid Doc. There is no on-site X Ray. Tables are Bench.

Allentown is the county seat of Lehigh County, Pennsylvania. Allentown is teeming with cultural attractions with its many museums, historic sites and arts organizations. There are many events throughout the summer and fall. There is shopping and a culinary exploration for any palate. Allentown has a population of 124,597 with 379,235 in the surrounding Lehigh County.

During the last 12 months, this practice averaged 15 new patients per month and 406 monthly office visits. This puts the patient visit average at 27. For the same 12 months the practice averaged $106,047.00 in monthly services rendered and $48,302.00 in monthly collections. This puts the collection percentage at 45%. The average patient visit is $115.00.

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 chiropractic care along with physio- therapy.

Chiropractic technique of choice is Diversified, Gonstead and Activator.

The clinic currently staffs two front desk employees and one chiropractic assistant in charge of billing and records. There is also a marketing and new patient capture employee.

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 $20,000.00.

New patients are primarily gained through:
5% Patient Referrals
95% Attorney Referrals

The practice is:
85% Personal Injury
15% Workers Comp

The doctor participates in most local insurance programs.

Current office hours are:
8:30am to 6:00pm Monday and Wednesday
8:30am to 1:00pm Friday
The practice is closed on the remaining days

INCOME:
2022- $648,837.00
2023- $623,818.00
2024- $579,635.00
3 year average= $617,430.00