This successful practice that has been serving the Hudson community for for the last eighteen years. The 2400 sq. ft. clinic is located in a strip mall in good condition with adequate parking. The office was remodeled five years ago. The rent on the clinic is $2,373.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $76,395.00. The clinic does have EHR w/TPS 2000. There is no X-ray on site. The chiropractic tables are Bench, Drop, Decompression and Flexion/Distraction.

Hudson is an amazing city in Columbia County, New York. With its galleries, coffeehouses, and open-kitchen restaurants attracting hipsters, writers, artists, and movie stars, Hudson has been called the Un-Hamptons, New York’s Upstate Downtown, and Brooklyn North.  Set at the foot of the Catskill Mountains (with skiing, fishing, and hiking) — but also central in the Hudson Valley (with its shopping and restaurants and breweries) — and so the activities are endless. Hudson has a population of 5,964 with 61,570 people in the surrounding Columbia county.  There are approximately 5 chiropractors in the area.

During the last 12 months, this practice averaged 51 new patients per month and 1035 monthly office visit. This puts the patient visit average at 20. For the same 12 months the practice averaged $43,465.00 in monthly services rendered and $41,657.00 in monthly collections. This puts the collection percentage at 96%. The average patient visit is $40.00.

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 of our formula but these may be purchased at closing for an additional amount of money if both buyer and seller agree. The doctor states that they do not have any malpractice suits, board issues or insurance audits currently pending.

The current doctor describes this practice as offering chiropractic care w physiotherapies, decompression, laser, neuropathy care and massage therapy.

Chiropractic techniques of choice are Diversified, Drop, Gonstead, Activator and Palmer Package.

The clinic currently employs one office manager and one chiropractic assistant. 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 $18,312.00.

New patients are primarily: gained through:
50% Patient Referrals
    
25% Ads/Google
25% Internet       

The practice is: 
    
30% Cash
    
30% Medicare
    
5% Personal Injury
    
5% Major Med
30% HMO/PPO    

The doctor participates in local insurance programs: BC/BS, Aetna, ME, Evicore and Landmark.

Current office hours are:

8am until 6pm Mondays, Tuesdays, Wednesdays and Thursdays-with lunch from 12pm until 1pm.

8am until 1pm on Fridays.

The practice is closed on the remaining days.

INCOME:
2019- $249,115.00
2020 – $377,009.00
    
2021 projected- $534,008.00
3 year average= $386,711.00