This practice has been serving the Middletown Rhode Island community for the past thirty four  years. The 1,434sq. ft. clinic is located in a professional building center in excellent condition with adequate parking. The rent on the clinic would be $2,907.00 per month.  This clinic enjoys five star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $29,875.00. The clinic has EHR with ChiroTouch. There is no on site X Ray. Tables are Bench, Drop, and Flex/Distraction.  The website is managed by iMatrix. 

Middletown is a town in Newport County, Rhode Island. It lies to the south of Portsmouth and to the north of Newport on Aquidneck Island. Delicate sand dunes broken up by a partially rocky coastline, and snow-white beaches give this community a seaside feel. Stone walls line the landscape contributing to the atmosphere of a typical New England town. Middletown Rhode Island has a population of 16,365 with 82,943 in the surrounding Newport County.  

During the last 12 months, this practice averaged 15 new patients per month and 854 monthly office visits. This puts the patient visit average at 57. For the same 12 months the practice averaged $67,403.00 in monthly services rendered and $34,530.00 in monthly collections. This puts the collection percentage at 51%. 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 a full range of family based chiropractic care. 


The chiropractic technique of choice is Diversified, Thompson Drop, Flex/Distraction and Neuromechanical Impulse. 

The clinic currently staffs three front desk employees.

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 $15,835.00. 

New patients are primarily gained through:
50% Patient referrals  
5% MD/Attorney referrals
45% Ads

The practice is: 
   
15% Cash
5% Medicare
             
3% Personal Injury
75% Major Med
2% Workers Comp
Note: More than 50% of patients that present with insurance, convert to self pay as their coverage exhausts. 
*The doctor participates with most local 
insurance programs.

Current office hours are: 

7:45am until 6:00pm Monday, Wednesday and Friday
2:00pm until 6:00pm Tuesday    

INCOME:
2022- $372,300.00
2023 – $411,960.00
2024 Projected- $415,637.00

3 year average= $399,965.00