This practice has been serving the Phoenix Maryland community for thirty seven years. The 940 sq. ft. clinic is located in a professional building with adequate parking. The rent on the clinic would be $2,100.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $24,000.00. The clinic does have EHR w/Eclipse. There is no on-site Xray. Tables are Bench, Drop, and Flexion/Distraction. The technology, server and computers are between 1-5 years of age. The website is hosted by SquareSpace.

Phoenix, a Baltimore County, Maryland community, is desirable for many reasons. Phoenix is located just a short drive from Baltimore, providing residents with easy access to a big city’s amenities and job opportunities. This makes it an attractive location for those who want to live in a suburban area but still have easy access to urban amenities. Phoenix has beautiful parks and outdoor areas for those who enjoy outdoor activities like hiking,  fishing, and bird-watching. Phoenix, has a population of  7,113,  with 843,430 in the surrounding Baltimore county.

During the last 12 months, this practice averaged 12 new patients per month and 535 monthly office visits. This puts the patient visit average at 45. For the same 12 months the practice averaged $53,518.00 in monthly services rendered and $52,206.00 in monthly collections. This puts the collection percentage at 97%. The average patient visit is $98.00.

All fees are commensurate with others in the area. There are NO receivables figured into any of our formulas.

The owner is wanting to sell to retire.

The current owner describes this practice as offering a full range of chiropractic care along with PT and nutritional care.

Chiropractic techniques of choice are Activator, Flexion/Distraction, Drop and SOT. 

The clinic currently staffs one office registered chiropractic assistant, one receptionist and one administrator/biller(this position is filled by the doctor’s wife).

The owner states that they do not have any malpractice suits or board charges active or currently pending. The owner pays themselves a salary, but that salary is not included in the monthly overhead that would accrue to the buyer.  

The average monthly overhead is approximately $9,719.00.

New patients are primarily gained through: 
95% Patient referral
2% MD/Attorney
3% Other

The practice is:
65% Cash
2% Personal Injury
33% Medicare

Current office hours are: 
8:30am until 7:00pm Monday, Wednesday and Friday – Lunch 3:00pm-4:00pm.
The practice is closed on the remaining days. 

INCOME: 
2022- $553,846.00
2023- $611,245.00
2024 projected- $620,778.00
3 year average= $595,290.00