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411 University St, Seattle

Bradenton Florida : Asking $795,000.00

ASSOCIATE RUN

*NOTE: BANNER NUMBERS BELOW ARE FOR October 2022 – September 2023

Bradenton Florida Chiropractic Practice For Sale

*The following practice information was supplied on November 2023

This thriving practice has been serving the Bradenton Florida community for the past thirty six years (at this location twenty years). The 3,800sq. ft. clinic is located in a free standing building in excellent condition with adequate parking. The rent on the clinic would be $6,700.00 per month.  This clinic enjoys dozens of five star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $46,250.00. The clinic has EHR with Eclipse w/EZ Notes. There is on site digital X Ray. Tables are Bench and Drop. 

Bradenton is a city in and the county seat of Manatee County, Florida, south of the greater Tampa Bay area and north of Sarasota.  Bradenton Florida has a population of 56,730 with 422,774 in the surrounding Manatee County.  

The current doctor wishes to sell in order to retire.

The chiropractic technique of choice is Diversified, Drop and SOT. 

During the last 12 months, this practice averaged 52 new patients per month and 872 monthly office visits. This puts the patient visit average at 16. For the same 12 months the practice averaged $187,220.00 in monthly services rendered and $88,990.00 in monthly collections. This puts the collection percentage at 48%. The average patient visit is $102.

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 along with supportive physiotherapies and massage.

The clinic currently employs two chiropractic associate doctors, eight part-time chiropractic assistants and three massage therapists. 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 $ $42,769.00.

New patients are primarily gained through:
38% Patient referrals  
27% MD/Attorney referrals
35% Ads

The practice is: 
   
23% Cash
13% Medicare
            
1% Veterans
36% Personal Injury
26% Major Med
1% Workers Comp
The doctor participates with most local 
insurance programs.

Current office hours are: 

9:00am to 7:00pm Monday thru Friday (Lunch 1:00 to 2:30).
Pt hours: 9:30am to 7:00pm Monday, Wednesday and Friday.
Pt hours: 11:30am to 7:00pm Tuesday and Thursday.
The practice is closed on the remaining days.

INCOME:
2022- $897,573.00
2023 projected – $1,110,670.00
2 year average= $1,004,121.00

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.