This successful practice has been serving the Lafayette New Jersey community for the past thirty seven years. The 2,200sq. ft. clinic is located in a free standing office in excellent  condition with adequate parking. The office was remodeled less than a year ago. The rent on the clinic would be $3,900.00 per month. The multi-building property is owned by the doctor and available for purchase (details upon request). All equipment and furnishings to be sold with the practice are valued at approximately $120,000.00. The clinic does have EHR w/ PayDC . There is no on-site Xray. Tables are Bench, Drop and Flex/Distraction. 

Lafayette is a town located in Sussex County, New Jersey. Lafayette is a small town full of life and agriculture. It is absolutely beautiful. Lafayette, like most regions, is seeing  growth with families looking for a better quality of life.  Lafayette offers great shopping, outdoor spaces and an above average public school system. Lafayette has a population of 3,000 with 140,000 in the surrounding county.  All this makes Lafayette NJ a fantastic place to live, work and raise a family.

During the last 12 months, this practice averaged 32 new patients per month and 588 monthly office visits. This puts the patient visit average at 18. For the same 12 months the practice averaged $57,668.00 in monthly collections. 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 information provided, 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 and pediatric based chiropractic care along with massage therapy.


Chiropractic technique of choice is Diversified, Gonstead and Flexion/Distraction.  

The clinic currently employs one office manager and two front desk assistants, five massage therapists and a chiropractic assistant. 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 $15,300.00.

New patients are primarily gained through:
60% Patient Referrals
   
38% Ads/Facebook
2% MD/Attorney

The practice is: 
   
30% Cash
         
2% Workers Comp
33% Major Med
5% Personal Injury 
30% HMO/PPO
   
The doctor participate in most local 
insurance programs.

Current office hours are: 

Noon until 7:00pm Mondays
7:30am until 7:00pm Tuesdays (Lunch from 1:00pm until 2:00pm)
7:30am until 7:30pm Thursdays (Lunch from 1:00pm until 2:00pm)
9:00am until 1:00pm Fridays
8:00am until Noon Saturdays (*Second and fourth saturday of the month)
The practice is closed on the remaining days.

INCOME:
2020 – $685,531.00
2021- $664,000.00
2022 Projected – $669,164.00
3 year average= $672,898.00