This successful practice has been serving the Palm Bay Florida community for the past thirty five years. The 1,200 sq. ft. clinic is located in a free standing building in good condition with adequate parking. The rent on the clinic would be $1,600.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $5,000.00. The clinic does have EHR w/Medicfusion. There is no on-site Xray. Tables are bench, drop and Flexion/Distraction.

Palm Bay is a city in Brevard County, Florida. Palm Bay is a nice town close to many activities and beaches. It feels like a small town while offering the benefits of a small city. The 4-mile stretch of Palm Bay is the gateway to the city and provides residents with many surprises, including elegant dining, scenic waterfront views and unique shopping experiences.

Sports and outdoor enthusiasts relish Palm Bay’s endless summers where they can enjoy championship caliber golf courses, off-road cycling, and running and nature trails that become giant playgrounds for young and old. Palm Bay is located southeast of Orlando in east Central Florida between Jacksonville and Miami. Palm Bay has a population of 123,074 with 619,260 the surrounding Brevard County. Along with a good public school system,  Palm Bay is a fantastic place to live, work and raise a family.

During the last 12 months, this practice averaged 25 new patients per month and 698 monthly office visits. This puts the patient visit average at 28. For the same 12 months the practice averaged $58,762.00 in monthly services rendered and $31,417.00 in monthly collections. This puts the collection percentage at 54%. The average patient visit is $46.00.

The current doctors wish 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 current doctor describes this practice as offering a full range of family based chiropractic care.

Chiropractic technique of choice is Diversified, Flexion/Distraction Activator and Thompson.

The clinic currently employs one full time receptionist, one chiropractic assistant and one insurance specialist. The doctors state that they do not have any malpractice suits, insurance audits or board charges active or currently pending. The doctors do pay themselves a salary, but that salary is not included in the monthly overhead that would accrue to the buyer. 



The average monthly overhead is approximately $9,260.00.

New patients are primarily gained through:
70% Patient Referrals
   
10% MD Referrals
   
20% Ads    
    
    

The practice is: 
   
25% Cash
   
10% Personal Injury
   
40% Major Med
   
25% Medicare
   

The doctor participate in most local 
insurance programs.

Current office hours are: 

8:30am to 5:30pm Monday, Wednesday and Friday (Lunch from 12:00pm to 2:00pm)
8:30am to 12:00pm Thursday.
The practice is closed on the remaining days.

INCOME:
2020 – $294,945.00
2021- $313,214.00
2022 Projected- $348,814.00
3 year average= $318,991.00