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411 University St, Seattle

Rocky Hill Connecticut: Asking $140,000.00

*Banner Numbers Below Are July 2022 – June 2023

Chiropractic practice for sale in Rocky Hill Connecticut

*The following practice information was supplied on August 2023

This successful practice has been serving the Rocky Hill Connecticut community for the past forty years. The 1,200sq. ft. clinic is located in a strip mall in excellent condition with adequate parking. The rent on the clinic would be $2,100.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $22,300.00. The clinic does have EHR with ChiroTouch. There is a non digital X Ray. Tables are Bench. The clinic enjoys 5 star google reviews. 

Rocky Hill is a town in Hartford County, Connecticut. Rocky Hill is located along the beautiful Connecticut River and just a few minutes’ ride to downtown Hartford. Rocky Hill has a population of 20,682with 901,142 in the surrounding Hartford county.  

During the last 12 months, this practice averaged 7 new patients per month and 275 monthly office visits. This puts the patient visit average at 39. For the same 12 months the practice averaged $14,786.00 in monthly services rendered and $13,398.00 in monthly collections. This puts the collection percentage at 90%. The average patient visit is $50.00.

The current doctor wishes 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 and physical therapy. 


Chiropractic technique of choice is Activator and Diversified.  

The clinic currently employs one front desk person. The doctor states that they do 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 $5,400.00. 

New patients are primarily gained through:
60% Patient Referrals

10% MD/Attorneys    
30% Ads

The practice is:
15% Cash
         
5% Medicare
   
69% Major Med
10% Personal Injury
1% Workers Comp    
The doctor participate in most local 
insurance programs.

Current office hours are: 

8:00am to 6:00pm Monday and wednesday (Lunch from 1:00pm to 2:00pm).
1:00pm to 7:00pm Tuesday.
8:00am to 7:00pm Thursday (Lunch from 1:00pm to 2:00pm). 8:00am to 1:00pm Friday
The practice is closed on the remaining days.

 INCOME:
2021 – $200,536.00
2022- $168,213.00
2023 Projected – $161,286.00
3 year average= $176,678.00

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.