This successful practice has been serving the Miami Florida community for the past forty four years. The 1,800 sq. ft. clinic is located in a strip mall with adequate parking. The office was remodeled just a few years ago. The rent on the clinic would be $6,450.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $32,000.00. The clinic does have EHR w/Chiro-Touch. There is on-site digital Xray. Tables are Flex/Distraction and HiLo.

Miami is a city located in Miami-Dade County, Florida. Miami is known for many things. Most recently, everyone recognizes it for the booming startup scene. Pioneering entrepreneurship in the Sunshine State, Miami has recently found its place among the top ten cities in America for starting a business by the eminent Inc. and Startup Genome. There is almost a growing business for everything from tech businesses to medicine and all other spheres and industries. Miami is also filled with entertainment options. The city is blooming with a spectacular art scene where you can access a wide variety of theaters, galleries, museums, and performing-arts conservatories. Miami has a population of 461,080 with 2.7 million in the surrounding county.

During the last 12 months, this practice averaged 90 new patients per month and 2,300 monthly office visits. This puts the patient visit average at 26. For the same 12 months the practice averaged $136,083.00 in monthly collections. The average patient visit is $60.00.

The current doctor wishes to sell in order to decrease hours and ultimately 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 current doctor describes this practice as offering a full range of family based chiropractic care with supportive modalities.

Chiropractic technique of choice is Diversified, Thompson and Extremity Adjusting.

The practice has a total of four chiropractors, two owners and two associate doctors. The clinic also employs two full time receptionists, one office manager and four chiropractic assistants. 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 $51,700.00.

New patients are primarily gained through:
40% Patient Referrals
10% MD Referrals
25% Insurance
25% Other

The practice is:
30% Cash
10% Personal Injury
15% Major Med
5% Medicare
40% HMO/PPO
The doctor participate in most local insurance programs.

Current office hours are:
8:30am until 6:30 pm Monday, Tuesday, Wednesday and Friday (Lunch from 1pm until 2:30pm)
9:00am until Noon on Saturday.
The practice is closed on the remaining days.

INCOME:
2020 – $1,520,000.00
2021- $1,503,000.00
2022 Projected- $1,740,000.00
3 year average= $1,587,667.00