This practice has been serving the Boca Raton Florida community for thirty five years. The 1,200 sq. ft. clinic is located in a strip mall in good condition with adequate parking. The rent on the clinic would be $4,335.00 per month or current market value at time of sale. This clinic enjoys many 5 star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $17,000.00. The clinic does have EHR w/DB Consultants. There is on-site non digital Xray. Tables are drop, hilo and flex/distraction. The technology, iPads and computers are roughly 3-8 years of age. The website is hosted by Register.com.

Boca Raton, Florida, is located in upscale affluent Palm Beach County. A chiropractic practice in Boca Raton is a strategic investment due to the area’s strong demand for holistic, non-invasive healthcare services. The city’s demographics, characterized by a health-conscious population, further enhance the appeal of owning a chiropractic practice there. Residents frequently seek natural and preventive healthcare options, making chiropractic services particularly attractive. Moreover, Florida’s business-friendly environment, including favorable tax policies, supports the profitability of healthcare ventures. With a growing emphasis on wellness and non-pharmaceutical treatments, a chiropractic practice in Boca Raton is well-positioned for sustained success.

During the last 12 months, this practice averaged 35 new patients per month and 492 monthly office visits. This puts the patient visit average at 14. For the same 12 months the practice averaged $116,054.00 in monthly services rendered and $46,072.00 in monthly collections. This puts the collection percentage at 40%. The average patient visit is $93.00.

All fees are commensurate with others in the area. There are NO receivables figured into any of our formulas.

The current owner is planning to retire.

The current owner describes this practice as offering a full range of family based chiropractic care, along with massage.

Chiropractic techniques of choice are Diversified, Thompson, Gonstead, Cox and Activator.

The clinic currently staffs one full time associate doctor of chiropractic, two part time associate doctors of chiropractic, three front/back office employees, two chiropractic assistants and three massage therapists.

The owner states that they do not currently have any malpractice suits, board charges or insurance audits 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 $37,000.00.

New patients are primarily gained through:
25% Patient Referral
35% MD/Attorney Referral
40% Ads

The practice is:
7% Cash
39% Personal Injury
21% Medicare
27% Major Med
1% Workers Comp
5% HMO/PPO

Current office hours are:
9:00am to 7:00pm Monday, Wednesday and Thursday and Friday
3:00pm to 7:00pm Tuesday
9:00am to 1:00pm
The practice is closed on the remaining days

INCOME:
2023- $672,000.00
2024- $596,000.00
2025 Projected- $502,932.00
3 year average= $590,310.00