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411 University St, Seattle

Deerfield Beach Florida

Asking $175,000.00

*Banner Numbers Below Are For May 2023 to June 2024

Deerfield Beach Florida Chiropractic Practice For Sale

*Some information was supplied on July 2024

This practice has been serving the Deerfield Beach community for two years with this owner and for thirty years prior. The clinic is 1,200sq feet,  located in a strip mall in excellent condition. There is more than adequate parking. The rent on the clinic would be $4,500.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $17,500.00. The clinic has EHRw/ChiroTouch. There is non digital on-site Xray. Tables are Drop and Flexion/Distraction.

Deerfield Beach is a city in Broward County, Florida, just south of the Palm Beach County line. Deerfield Beach has attractive shopping and dining opportunities. Deerfield Beach is a great place to live. Deerfield has many parks, beaches, and social activities in the community. The cost of living is more reasonable than some surrounding cities.  Deerfield Beach has a population of 87,512 with 1,978,173 people in the surrounding Broward county. 

During the last 12 months, this practice averaged 12 new patients per month and 176 monthly office visits. This puts the patient visit average at 15. For the same 12 months the practice averaged $32,931.00 in monthly services and  $28,888.00 in monthly collections. Collection percentage in 88. The average patient visit is $164.00.

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 relocate. 

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

Chiropractic techniques of choice are Diversified and Gonstead.

The clinic currently staffs one office manager and one massage therapist.  

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 $8,70000. 

New patients are primarily gained through: 
40% Ads 
20% Patient referral
40% MD/Attorney referral

The practice is:
15% Cash
15% Medicare
30% Personal Injury   
40% Insurance

Current office hours are: 
8:30am until 7:00pm Monday, Wednesday and Thursday.
8:30am until 1:00pm Tuesday and Friday. 
The practice is closed on the remaining days.

Income: 
2023 – $266,047.00
2024 Projected- $392,818.00
2 year average= $329,433.00

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.