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411 University St, Seattle

Cape Cod: Asking $110,000.00

*NOTE: BANNER NUMBERS BELOW ARE FOR MAY 2023 – APRIL 2024

Cape Cod Massachusetts Chiropractic Practice For Sale

*The following practice information was supplied on June 2024

This thriving practice has been serving the Mashpee community for fifteen years. The clinic is 1220 sq feet,  located in a strip mall in excellent condition. There is more than adequate parking. The rent on the clinic would be $2,087.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $28,197.00. The clinic does have EHR w/Chirotouch. There is no on-site Xray. Tables are Drop and Activator HiLo. 

Mashpee is a town in Barnstable County, Massachusetts, on Cape Cod. Set along the south shore of the Upper Cape, Mashpee comprises approximately 24 square miles. With pristine sandy beaches, freshwater ponds, superior shopping, restaurants and enchanting woodland, Mashpee offers one of the best places to live on the coast .  Mashpee Massachusetts has a population of 14,996 and its surrounding Barnstable County has a population of 231,392.   

During the last 12 months, this practice averaged 11 new patients per month and 369 monthly office visits. This puts the patient visit average at 34. For the same 12 months the practice averaged $17,604.00 in monthly services rendered and $13,824.00 in monthly collections. This puts the collection percentage at 79%. The average patient visit is $38.00.

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 in order to retire. 

The current owner describes this practice as offering a full range of family based straight chiropractic care and massage. 

Chiropractic techniques of choice are Activator and Drop.

The clinic currently staffs one front desk receptionist/CA and one billing CA.  

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 $6,756.00. 

New patients are primarily gained through: 
5% Ads 
65% Patient referral
10% MD/Attorney referral
20% Website

The practice is:
30% Cash
21% Medicare
38% Major Med
10% HMO/PPO
1% Personal Injury

Current office hours are: 
8:00am until 5:30pm Monday.
8:00am until Noon Tuesday and Thursday.
1:00pm until 5:30pm Wednesday.
The practice is closed on the remaining days.                                                                                                                                     

INCOME: 
2022- $160,622.00
2023- $164,803.00
2024 Projected – $153,276.00
3 year average= $159,957.00

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.