This thriving wellness practice has been serving the Glen Burnie community for over thirty seven years. The 15,000 sq. ft. clinic is located in a professional building in excellent condition with adequate parking. The rent on the clinic would be $8,762.00 per month. This clinic enjoys dozens of 5 star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $24,000.00. The clinic does have EHR w/ChiroTouch. There is no on-site Xray. Tables are Bench, Drop and Flex/Distraction. 

Glen Burnie is an unincorporated town in Anne Arundel County, Maryland and is one of the larger Baltimore suburbs. There are neighborhoods that tend to have a more urban feel with lots of business, while other areas are more residential neighborhoods. The area is filled with lots of shopping, entertainment venues and parks. Glen Bernie has a population of 69,739 with 603,441 in the surrounding Anne Arundel County.

The owner wishes to sell in order to retire from chiropractic practice. 

During the last 12 months, this practice averaged 58 new patients per month and 1,796 monthly office visits. This puts the patient visit average at 31. For the same 12 months the practice averaged $282,382.00 in monthly services rendered and $108,898.00 in monthly collections. This puts the collection percentage at 39%. The average patient visit is $60.00. 

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 a full range of sports related and family based chiropractic care and physical therapy. 

Chiropractic techniques of choice are Diversified, Drop and Flexion Distraction. 

The clinic currently employs three chiropractic associate doctors, one physical therapist, six chiropractic assistants,  four front desk assistants, one practice administrator, one administration support person, one billing representative/front desk manager and one bookkeeper. 

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 $66,000.00. 

New patients are primarily gained through: 
66% Patient Referral
28% MD/ Attorney
6% Ads 

The practice is:
3% Cash 
1% Personal Injury
81% MajorMed 
14% Medicare
1% Workers Comp
The doctor participates in most local insurance programs.

Current office hours are: 
7:30am until 6:30pm Monday-Thursday (Lunch from 12:00 until 1:30).
7:30am until 6:00pm Friday (Lunch from 12:00 until 1:30).
8:00am until 11:00am Saturday.
The practice is closed on the remaining days. 

INCOME: 
2021- $1,230,029.00
2022- $1,322,798.00
2023 Projected Jan-Nov)- $1,318,439.00
3 year average= $1,290,422.00
Note: August-Oct 2023 did not have a physical therapist to provide that service.