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411 University St, Seattle

Cleveland Ohio Area : Asking $600,000.00

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

Cleveland Ohio Area Chiropractic Practice For Sale

*The following practice information was supplied on May 2024

This thriving practice has been serving the Warrensville Heights community for eight years. The 2500 sq. ft. clinic is located in a professional center in excellent condition with adequate parking. The clinic was remodeled in 2022. The rent on the clinic would be $3,000.00 per month. This clinic enjoys hundreds of 5 star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $75,720.00. The clinic does have EHR w/Platinum. There is on-site digital Xray. Tables are Flexion/Distraction. 

Warrensville Heights is a city in Cuyahoga County, Ohio. It is an eastern suburb of Cleveland with easy access to downtown. Warrensville Heights has a population of 13,169 and its surrounding county has a population of 1,229,182.   

During the last 12 months, this practice averaged 74 new patients per month and 551 monthly office visits*. For the same 12 months the practice averaged $61,261.00 in monthly collections. *Neuropathy care is somewhat home based, as a result those patients contribute fewer to the monthly office visits. The average neuropathy care plan for each patient is $6,750.00.

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

The owners are wanting to sell in order to relocate.

The current owners describe this practice as offering a full range of chiropractic care along with nutrition and red-light therapy for weight loss, as well as customized neuropathy care programs. 

Chiropractic techniques of choice are Diversified and Flexion/Distraction. 

The clinic currently staffs one front desk manager, one tech manager and one wellness coordinator.

The owners state that they do not have any malpractice suits or board charges active or currently pending. The owners pay 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 $28,000.00. 

New patients are primarily gained through: 
55% Ads 
35% Patient referral
10% MD/Attorney

The practice is:
70% Cash
5% Medicare
10% Personal Injury
15% Major Med

Current office hours are: 
8:30am until 6:00pm Monday, Tuesday and Wednesday.
8:30am until 12:00pm Thursday
The practice is closed on the remaining days.                                                       

INCOME: 
2022- $815,163.00
2023- $825,867.00
2 year average= $820,515.00

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.