This successful practice that has been serving the West Hartford area for the past 30 years. The 2500 sq. ft. clinic is located in a professional building in excellent condition with adequate parking. The rent on the clinic is $2,700.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $32,300.00. The clinic does have EHR w/Medicfusion. There is no X-ray on site.
 
West Hartford is a town in Hartford County, Connecticut and is known as one of America’s “Coolest Suburbs”. The unique cultural, shopping and dining opportunities in the town make it a desirable community. Lots of outdoor spaces and activities offers something for everyone. West Hartford has a population of 63,063 with 890,000 people in the surrounding Hartford County. All this and an excellent school system makes West Hartford Connecticut a great place to live, work and raise a family.


During the last 12 months, this practice averaged 6 new patients per month and 251 monthly office visit. This puts the patient visit average at 41. For the same 12 months the practice averaged $27,879.00 in monthly services rendered and $15,458.00 in monthly collections. This puts the collection percentage at 56%. The average patient visit is $62.00.

The current doctor wishes to sell in order to focus on other businesses.

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 office as a general chiropractic practice for acute/chronic conditions and general wellness.


Chiropractic techniques of choice are Diversified (Motion/Palpation) and Flexion-Distraction. Treatment supplemented with soft tissue therapy such as myofascial release using Instrument-Assisted Soft Tissue Mobilization tools and Dry Needle insertion.

The clinic currently employs one front desk manager/chiropractic assistant and one receptionist-patient financial management/chiropractic assistant. The doctor state that they do not have any malpractice suits, insurance audits or board charges active or 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 $9,000.00.


New patients are primarily gained through:
70% Patient Referrals
    
20% Facebook/Google Ads
    
5% MD/Attorney
    
5% Internet

The practice is: 
    
1% Cash
    
5% Medicare
    
5% Personal Injury
    
5% Major Med
    
80% HMO/PPO
    
4% Workers Comp    

The doctor participates in most local insurance programs.




Current office hours are: 

7am until 7pm Mondays, Wednesdays and Fridays-with lunch from 1pm until 2pm.

7am until 11am on Saturdays.

The practice is closed on the remaining days.

INCOME:
2019- $232,673.00
2020 – $189,376.00
    
2021 projected- $190,000.00

3 year average= $204,016.00

*NOTE: There is additional revenue not included here 
from various subtenants that is approximately 
$5,000.00/month, but this amount does vary.

NOTE: The owner of this clinic owns patents. These patented items and their intellectual property are excluded from this acquisition.