This successful practice that has been serving the Lexington area for over twenty four years. The 1000 sq. ft. clinic is located in a strip mall in excellent condition with adequate parking. The office was last remodeled 5 years ago. The rent on the clinic is $1,750.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $24,000.00. The clinic does not have EHR. There is non-digital X-ray on site. The chiropractic tables are Bench and Flexion/Distraction.
 
Lexington is a city in Fayette County Kentucky. It’s known for horse farms and thoroughbred racetracks and the areas premier event, the Kentucky Derby. Lexington is a vibrant city with Southern charm and hospitality where they honor their heritage of horses, bourbon and history. Lexington has a population of 337,000 with 517,056 people in the surrounding Fayette county. Lexington has one of the highest concentrations of top ranked public schools in Kentucky. All this and more makes Lexington a great place to live, work and raise a family.

During the last 12 months, this practice averaged 7 new patients per month and 179 monthly office visit. This puts the patient visit average at 26. For the same 12 months the practice averaged $18,189.00 in monthly services rendered and $9,897.00.00 in monthly collections. This puts the collection percentage at 55%. The average patient visit is $57.00.

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 family based chiropractic care w/supportive modalities.


Chiropractic techniques of choice are Diversified, CBP and Activator.

The clinic currently has no staff members. The doctor state that they do not have any malpractice suits, insurance audits or board charges 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 $3,389.00 + $1,800.00 for a front desk staff member.

    

    
New patients are primarily gained through:
62% Patient Referrals
    
16% Neighborhood
    
22% Ads/Google  

The practice is: 
    
8% Medicare
    
1% Personal Injury
    
51% Major Med
    
5% Cash
35% HMO/PPO (Medicaid)    

The doctor participates in most 
local insurance programs.

Current office hours are: 

9am until 6pm Mondays, Wednesdays and Thursdays-with lunch from 12pm until 2pm.

2pm until 6pm on Tuesdays.

9am until 1pm on Fridays.

The practice is closed on the remaining days.
   
INCOME:
2019- $134,681.00
2020 – $119,214.00
    
2021 projected- $119,244.00
3 year average= $124,380.00