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411 University St, Seattle

Fort Lauderdale Florida: Asking $219,000.00

Motivated Seller-Just Reduced To
$175,000.00 NOW $160,000.00

*Banner Numbers Below Are For 2022

Fort Lauderdale Chiropractic Practice For Sale

*The following practice information was supplied on December 2021

This successful practice has been serving the community of Fort Lauderdale and the surrounding areas in this same location for the past 34 years. The 1050 sq. ft. clinic is conveniently located in a well maintained strip mall in excellent condition with adequate parking. The office is approximately 1 mile from the beach. Daily traffic count traveling past this office is in excess of 40,000 cars daily. The office has been updated on a regular basis. The current rent on the clinic is $3,760.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $35,149.00. 

The clinic has EHR w/ Absolute/GSR. There is non-digital 300/125 X-ray on site as well as a MiniMed auto film processor. Chiropractic tables include a flat stationary Bench, a Chiro Manis Cox Flexion/ Distraction table as well as a Hill A-F-T Automatic Flexion table.


Fort Lauderdale is a multicultural city located in Broward County on Florida’s southeastern coast known for its sandy beaches and numerous picturesque boating canals. Along Federal Highway and A1A you’ll find upscale outdoor restaurants, bars, boutiques and luxury hotels.

This city, like most of Florida, is seeing enormous growth and employment potential with many large companies relocating their HQ’s to the area. All this makes Fort Lauderdale a great place to practice, live and raise a family. Fort Lauderdale has a population of 183,109 with 1,966,120 people in Broward County. 


During the last 12 months, this practice averaged 22 new patients per month and 474 monthly office visits. This puts the patient visit average at 22. For the same 12 months the practice averaged $26,3919.00 in monthly collections. The average patient visit is $56.00.

The current doctor wishes to sell in order to retire.

All fees are commensurate with others in the area. There are no receivables currently offered with this practice, 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 family based chiropractic care w/supportive modalities. There is also a focus on sports medicine.

Chiropractic techniques of choice are Diversified, Cox Flexion/Distraction and Myofacial work.

The clinic currently employs one front desk manager and one chiropractic assistant. The doctor states that they do not have any malpractice suits, insurance audits or board charges currently pending. The doctor does pay himself a salary, but his salary is not included in the monthly overhead that would accrue to the buyer. 



The average monthly overhead is approximately 
$12,160.00.

New patients are primarily gained through:
90% Patient Referrals
   
5% MD/Attorney
   
5% Ads/Google

The practice is: 

   
10% Medicare (Cash)
   
5% Personal Injury
   
5% Major Med
   
10% Workers Comp
70% HMO/PPO    

The doctor participates in most 
local insurance programs.

Current office hours are:
8:15am until 6pm Mondays, Wednesdays and Fridays-with lunch from 1pm until 3pm.

8:15am until 1pm on Tuesdays and Thursdays.

The practice is closed on the remaining days.

Monthly overhead that would accrue to the buyer $12,000.00.

INCOME:
2020 – $371,812.00
   
2021 $320,204.00
2022 Projected- $332,241.00
3 year average= $341,419.00

Disclaimer:  Premier Practice Consultants is strictly a consultant/representative. All the information provided for any practice has not been subject to an audit. All information has been furnished entirely by the seller. It is solely the responsibility of a buyer to seek professional, legal or financial advice to confirm any information provided. Premier Practice Consultants, LLC., is a consultant and does not accept any liability for accuracy.