This Personal Injury practice has been serving the Lake Okeechobee area community for the last twenty six years. The 1400 sq. ft. clinic is located in a free standing building in excellent condition with adequate parking. The rent on the clinic is $2,500 per month.  The building is owned by the doctor and is available to purchase along with the practice but not required (details available upon request). All equipment and furnishings to be sold with the practice are valued at approximately $16,000.00. The clinic does have EHR w/EON. There is no X-ray on site. The chiropractic tables are Drop and Decompression.
 
Lake Okeechobee area is in west Palm Beach County, Florida. Lake Okeechobee is known as Floridas inland sea and the largest free water lake in Florida. 

The current doctor wishes to sell in order to retire.

During the last 12 months, this practice averaged 12 new patients per month and 152 monthly office visit. This puts the patient visit average at 13. For the same 12 months the practice averaged $75,000.00 in monthly services rendered and $36,000.00 in monthly collections. This puts the collection percentage at 49%. The average patient visit is $236.00.

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 multidiscipline practice offering acute based chiropractic care w/supportive modalities, as well as pain management services provided by a physician assistant and medical doctor.

Chiropractic techniques of choice are Diversified, Drop and Arthrostim.

The clinic currently employs one office manager/billing expert, one chiropractic assistant and one transportation assistant. There is also one physicians assistant and one medical doctor, that are independent contractors. 

The doctor state 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 $16,500.00.
    
New patients are primarily gained through:
20% Patient Referrals
    
60% MD/Attorney
    
20% Internet
 

The practice is: 
    
8% Cash
    
85% Personal Injury
    
7% HMO/PPO
    
        
The doctor participates in most local insurance programs.


Current office hours are:

1pm until 6pm Mondays, Tuesdays, Wednesdays and Thursdays.

The practice is closed on the remaining days.

            
INCOME:
2019- $482,000.00
2020 – $400,000.00
    
2021- $433,000.00
3 year average= $438,333.00