This practice has been serving the Eastpoint Florida community for the last twenty six years. The 1200 sq. ft. clinic is located in a free standing building in excellent condition with adequate parking. The rent on the clinic is $2000 per month. All equipment and furnishings to be sold with the practice are valued at approximately $55,000.00. The clinic does have EHR w/Jarve App. There is no X-ray on site. The chiropractic tables are Drop and HiLo.
 
Eastpoint is in Franklin County Florida, nestled in the panhandle of the Sunshine State. Take a step back in time in this authentic fishing community. Eastpoint is one of the few remaining working waterfronts in North Florida. Located across the bay from Apalachicola and St. George Island, Eastpoint is a unique part of Florida’s unspoiled Forgotten Coast. Eastpoint has a population of 2,336 and 13,472 in the surrounding Franklin County.

The current doctor wishes to sell in order to focus on other interests.

During the last 12 months, this practice averaged 42 new patients per month and 545 monthly office visit. This puts the patient visit average at 13. For the same 12 months the practice averaged $39,079.00 in monthly services and $23,271.00 in monthly collections, making a collection rate of 60%. The average patient visit is $42.00.

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 offering family based chiropractic care along with massage, acupuncture and supportive therapeutic modalities.

Chiropractic techniques of choice are Diversified, Thompson and Instrument.

The clinic currently employs one insurance/financial manager, one front desk receptionist.


The doctor states 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 $6,823.00.
    


New patients are primarily gained through:
90% Patient Referrals
    
4% Ads (Google/FB)
    
6% Internet
 
   
    
The practice is: 
    
20% Cash
    
9% Personal Injury
    
1% Workers Comp
    
8% Major Medical
    
60% Medicare
    
2% HMO/PPO
    

The doctor participates in Aetna and PPO United.

Current office hours are: 

11am until 5pm Mondays.

10am until 7pm Tuesdays, Wednesdays and Thursdays-lunch from 2-3.

The practice is closed on the remaining days.
 
INCOME:
2018- $336,095.00
2019 – $322,064.00
   
2021- $293,764.00
3 year average= $317,308.00