This thriving wellness practice has been serving the Oyster Bay New York community for over forty years, with the current owner for the last twenty seven years. The 2,500 sq. ft. clinic is located in a professional building in good condition with adequate parking. The rent on the clinic would be $4,500.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $50,000.00. The clinic does have EHR w/Chiropad. The practice uses Inphase for internal office functionality. There is on-site Xray. Tables are Drop and Flex/Distraction. The office has an open adjusting area, along with private rooms as needed.

Oyster Bay New York is located on the beautiful north shore of Long Island. This upscale community attracts families and high-profile individuals that are interested in staying well and will pay to do so. Its proximity to New York, impressive real estate market, and natural beauty make this Long Island town extra-desirable. If you love nature, history or art you will enjoy working here. Oyster Bay has a population of 7,117 with 1,407,022 in the surrounding Nassau County. Along with highly rated public schools, Oyster Bay Long Island is a fantastic place to live, work and raise a family. 

The current doctor wishes to sell in order to spend more time with family. 

During the last 12 months, this practice averaged 9 new patients per month and 882 monthly office visits. This puts the patient visit average at 98. For the same 12 months the practice averaged $54,396.00 in monthly services rendered and $46,163.00 in monthly collections. This puts the collection percentage at 84%. 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 wellness based family chiropractic care. This practice has created a unique “Health Mall”, which includes Massage, Trigger Point Therapy and Acupuncture. 

Chiropractic techniques of choice are Diversified, Activator and Arthrostim. 

The clinic currently employs one full time chiropractic associate doctor and one part time chiropractic associate doctor, one office manager and one chiropractic assistant. 

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 $32,000.00.

New patients are primarily gained through:
90% Patient Referrals
10% Ads 

The practice is:
44% Cash 
1% Personal
Injury
44% MajorMed
The doctor does not participate in local insurance programs, but is a Medicare participant. 

Current office hours are: 
8:00am until 7:00pm Mondays, Wednesdays and Fridays. (Lunch from noon till 3pm)
1:00pm until 7:00pm on Thursdays.
9:00am until Noon every other Saturday.
The practice is closed on the remaining days.

 Income: 
*$78,000.00/year comes from subtenants that make up the “Health Mall” for the practice. The same practitioners have been tenants of the “Health Mall” for the last 20 years.

2019- $629,786.00
2021 – $572,165.00
2022 Projected – $551,796.00
3 year average= $584,582.00 

*2020 not included due to covid-19