This 12 year old practice is a 1200 sq ft clinic located in strip mall in very good condition with more than adequate parking. The office has been remodeled in the last few years. The current rent for the office is $1,065.00 per month.
 
Starke is a city in Bradford County, Florida. It has a population of 5,513, with 28,650 people in the surrounding county. Starke has become a bedroom community of both Gainesville and Jacksonville.  Residents can take advantage of the job market in both communities without moving to either. Beautiful lakes and a Main St gives Starke a small town homey feel that is a short drive to anything Florida you could desire.

There are only 2 other chiropractors in the area. This practice commands the market space, with little to no competition. This will make any buyer a Big fish in a small pond.

All equipment and furnishings to be sold with the practice are valued at approximately $70,000.00 and include a new digital X-ray system.

The current doctor wishes to sell in order to retire and spend more time with family.

Over the 12 months, this practice has averaged 9 new patients per month and 114 monthly office visit. This puts the patient visit average at 13. For the same 12 months the practice averaged monthly services of $26,205.00 with monthly collections of $20,283.00. This puts the collection percentage at 77.4% and also shows that the office routinely collects $177,00 per visit.  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 a chiropractic practice that also provides PT.

The clinic currently employees an office manager that runs the office, does the billing and provides assistance to the doctor. There is a CCPA (Certified Chiropractic Physicians Assistant) certified employee. A CCPA frees the doctor up to provide more chiropractic care. They do the exams and oversee PT program. With a CCPA on staff, they can provide the services they are certified for and the doctor only needs to be within 30 minutes. This staff member will also be completing their BMO or Basic Machine Operator certification, which in Florida also allows them to be able to take xray.

The current doctor states that he has never and does not currently have an insurance audit or malpractice case.

The doctor does pay himself a salary, but the salary is not included in the monthly overhead that would accrue to the buyer. 

This average monthly overhead is $8,000.00.

Techniques of choice are Diversified, Thompson Drop and Activator.

Current office hours are:
Mondays  Wednesdays and Fridays 9am until 6pm
Tuesdays and Thursdays 9am until Noon

The office is closed on the remaining days.

The practice mix is of:
10% Cash
3% Medicare
30% Personal Injury
34% major medical
23% HMO/PPO.
The current doctor does participate in several state wide plans: BCBS, UH, Cigna (ASH).

New patients are primarily gained through:
patient referrals 35%      
40% from Facebook/Google
25% from MD/Attorney referrals

INCOME:
2018- $218,737.00    
2019- $265,245.00
2020 -$243,395.00
3 Year Average: $242,459.00