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411 University St, Seattle

Apopka Florida(north Orlando)Asking $225,000.00

*Banner Numbers Below Are For 2023

Apopka florida chiropractic practice for sale

*Some information was supplied on May 2023

This successful practice has been serving the Apopka Florida community for the past forty six years. The clinic enjoys dozens of 5 star reviews on Google and Facebook. The building is approximately 3500 sq ft and is  a free standing building in excellent condition with adequate parking. The office was remodeled in 2022. The rent on the building would be $5,300 per month.  All equipment and furnishings to be sold with the practice are valued at approximately $4,000.00 (chiropractic only). The clinic does have EHR with EZ-Notes. There is no on site digital X Ray. Tables are Drop, Flexion/Distraction, Decompression(DRX 9000) and ProAdjustor. 
*NOTE: DRX and Pro-Adjustor are currently on a lease plan included in monthly overhead.

Apopka Florida has a population of 56,761 with 1,515,093 in the surrounding Orange County.  

The current doctors wish to sell in order to retire.

NOTE: The building is available for purchase, as well as a partnership opportunity for cash profit business.

During the first 4 months of 2023, the chiropractic practice averaged 32 new patients per month and 461 monthly office visits. This puts the patient visit average at 15. For the same time period the practice averaged $56,735.00 in monthly services rendered and $26,823.00 in monthly collections. This puts the collection percentage at 48%. The average patient visit is $59.00.

*Salt room data available

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 doctors describe this practice as offering a full range of family based chiropractic care supported by adjunctive therapies and decompression w/DRX.


Chiropractic techniques of choice are Diversified, Drop, Pro-Adjustor and some Activator. 

The clinic currently employs one front desk manager and one remote insurance biller. The doctors state that they do not have any malpractice suits, insurance audits or board charges active or currently pending. The doctors do 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 $12,757.00.    

New patients are primarily gained through:
50% Insurance List 
30% Google
10% MD/Attorney Referrals    
10% Patient Referrals 

The practice is: 
   
10% Cash
25% Medicare
            
20% Major Med
25% Personal Injury
20% Medicaid    
The doctors participate with BC/BS, Cigna, United, Sunshine, ASH, Ambetter, AdventHealth local 
insurance programs.

Current office hours are:
7:00am to 6:00pm Monday, Wednesday and Thursday (Lunch 12:00 to 2:00).
7:00am to Noon Tuesdays.
The practice is closed on the remaining days.

INCOME:
2021- $243,585.00
2022- $363,309.00
2023 Projected – $321,855.00
3 year average= $309,583.00

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Disclaimer:  Premier Practice Consultants is strictly a consultant/representative. All the information provided for any practice has not been subject to an audit. All information has been furnished entirely by the seller. It is solely the responsibility of a buyer to seek professional, legal or financial advice to confirm any information provided. Premier Practice Consultants, LLC., is a consultant and does not accept any liability for accuracy.