This practice has been serving the Greeneville Tennessee community for the last thirty three years. The 2000 sq. ft. clinic is located in strip mall in excellent condition with adequate parking. The rent on the clinic is $1,000.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $25,000.00. The clinic does have EHR w/Chirotouch. There is digital X-ray on site. The chiropractic tables are Activator and Decompression.

Greeneville is Tennessee’s second oldest town in Tennessee. It showcases its history brick sidewalks and immaculate historic sites, churches and homes against a backdrop of majestic mountains, breathtaking waterways and streams. Located in one Greene County, Greeneville offers the lifestyle and amenities of much larger towns while maintaining a distinctive small-town ambiance. Greeneville has a population of 14,693 and 68,879 in the surrounding Greene county. Greeneville Tennessee is a wonderful place to live, work and raise a family.

During the last 12 months, this practice averaged 15 new patients per month and 471 monthly office visit. This puts the patient visit average at 31. For the same 12 months the practice averaged $17,795.00 in monthly services rendered and $15,481.00 in monthly collections. This puts the collection percentage at 87%. The average patient visit is $33.00.

The current doctor wishes 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 doctor states that they do not have any malpractice suits, board issues or insurance audits currently pending.

The current doctor describes this practice as a full range of family based chiropractic care w/supportive modalities. Acupuncture services are offered as well.

Chiropractic techniques of choice are Activator.

The clinic currently employs one office manager that handles the front desk and chiropractic assistant responsibilities.

The average monthly overhead is approximately $5,500.00.

New patients are primarily gained through:
80% Patient Referrals
2% MD/Attorney
18% Internet

The practice is:
33% Cash
21% Medicare
1% Personal Injury
1% Workers Comp
37% Major Medical
7% HMO/PPO
The doctor participates in most local insurance programs.

Current office hours are:
9am until 5:30pm Mondays, Wednesdays and Fridays-with lunch from 12:30pm until 2:30pm.
9am until 5pm Thursdays-with lunch from 12:30pm until 2:30pm.
The practice is closed on the remaining days.

INCOME:
2019- $173,856.00
2020 – $170,557.00
2021 projected- $192,694.00
3 year average= $179,036.00