This successful practice has been serving the Boca Raton community for the past forty  years. The extremely well appointed 2077 sq. ft. clinic is located in a professional center in excellent condition with adequate parking. The rent on the clinic would be $5,000.00 per month (or current market value at time of sale). The condo is owned by the doctor and available for purchase, (details available upon request). The condo has  medical deeding, which is added value as medical deeding can be difficult to locate).  *There are subtenants that would pay approximately half of the mortgage if purchased. All equipment and furnishings to be sold with the practice are valued at approximately $145,000.00.00. The clinic has EHR w/Eclipse. There is on site Digital Motion X-Ray. Tables are Bench,  HiLo and Acuspina Decompression..

Boca Raton is a city on Florida’s southeastern coast in Palm Beach County that is known for its golf courses, parks and beaches. The extremely upscale , affluent community offers an array of high end restaurants and luxury shopping. Palm Beach county is one of the fastest expanding areas in the country.  The friendly business environment and tropical year round weather make this area very sought after. Boca Raton has a population of 101,331 with 1,543,809 in the surrounding Palm Beach  County. Offering some of the best rated schools in Florida, Boca Raton is a fantastic place to live, work and raise a family.

During the past 12 months  this practice averaged 23 new patients per month and 440 monthly office visits. For the same 12 months the practice averaged $79,480.00 in monthly services rendered and $39,099.00 in monthly collections. That puts the collection average at 50%. The average patient visit is $89.00.

The current doctor wishes to sell the practice 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, along with laser and decompression.

Chiropractic techniques of choice are Diversified and Non-Surgical Spinal Decompression.

The clinic currently employs one office manager and front desk 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 $9,000.00. (Please figure an additional $5,000.00 for rent or MTI).

New patients are primarily gained through:
95% Patient Referrals
5% MD/Attorney Referrals

The practice is approximately:
64% Major Medical
17% Cash
7% Medicare
11% Personal Injury
1% Workers Comp

The doctor participate in most local 
insurance programs.

Current office hours are:
8:15am to 6pm Mondays and Wednesdays: Lunch from 1pm-2pm.
8:15am to 3pm Tuesdays and Thursdays.
Fridays are clerical hours only.
The practice is closed on the remaining days.

INCOME:
2020- $501,849.00
2021- $430,461.00
2022- $503,905.00
3 year average= $478,739.00