This practice has been serving the Ringgold Georgia community for the past twenty seven years. The 2,100 sq. ft. clinic is located in a strip mall in good condition with adequate parking. The rent on the clinic would be $955.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $41,650.00. The clinic does not have EHR. There is non digital site X Ray. Tables are Bench,  Flex/Distraction and Decompression.

Ringgold Georgia is a cute little city in the northwest region of Catoosa County, Georgia.  It offers the benefits of the nearby city of Chattanooga Tennessee, which is just a short 20 minute drive. It is conveniently located along I75. There are interesting historical sites nearby. There are also a lot of outdoor activities.  The city of Ringgold  has a population of 3,363 with 68,051 in the surrounding Catoosa County. 

During the last 12 months, this practice averaged 13 new patients per month and 308 monthly office visits. This puts the patient visit average at 24. For the same 12 months the practice averaged $27,439.00 in monthly services and $14,194.00 in monthly collections, putting the collection average at 52%.  The average patient visit is $45.00.

The current doctor wishes to sell the clinic to focus on other business interests.

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 decompression and laser therapy.

Chiropractic techniques of choice are Diversified, Thompson and Instrument.

The clinic’s current staff consists of one office manager and one chiropractic assistant.

The doctor states that they do 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 $2,500.00. 


New patients are primarily gained through:
90% Patient Referrals

10% Local Ads

The practice is: 
  
30% Cash

30% Medicare
5% PI
35% Major Med

The practice participates w/BCBS, Aetna, Antham, United, VMR, Ambetter, Peach State, Medicare.

Current office hours are: 

8am until 6pm Monday, Wednesday and Thursday (Lunch from 11-2)
The practice is closed on the remaining days.

INCOME:
2020 – $209,359.00
2021- $207,246.00       
2022 – $203,499.00
3 year average= $206,701.00