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411 University St, Seattle

Doral Florida: Asking $160,000.00

*Banner Numbers Below Are For December 2023 – November 2024. 

Chiropractic Practice for Sale in Doral Florida

*Some information was supplied on December 2024

This successful practice has been serving the Doral Florida community for the past twenty seven years. The 1,100 sq. ft. clinic is located in a professional building in excellent condition with adequate parking. The rent on the clinic would be $2,945.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $32,000.00. The clinic does have EHR w/Chiro8000. There is on-site X Ray. Table is Elevation Elite. The website is hosted by WP Engine.

 

Doral is a city in Miami-Dade County, Florida. Home to exciting shopping and entertainment complexes, gorgeous parks and best-in-class golf courses. Doral is a thriving neighborhood just west of Miami International Airport.  Doral Florida has a population of 80,409 with 2,700,768 in the surrounding Miami-Dade County.  

 

During the last 12 months, this practice averaged 9 new patients per month and 128 monthly office visits. This puts the patient visit average at 14. For the same 12 months the practice averaged $18,270.00 in monthly services rendered and $13,365.00 in monthly collections. This puts the collection percentage at 73%. The average patient visit is $75.00.

 

The current doctor wishes to sell 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 a full range of chiropractic care along with physiotherapy and massage. 

Chiropractic technique of choice is Diversified,  Drop and Toggle.

 

The clinic currently staffs two front desk employees. One is a licensed massage therapist and one therapy 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 $6,872.00.

 

New patients are primarily gained through: 

50% Patient Referrals
   
5% MD/Attorney Referrals
   
45% Ads 

 

The practice is: 
   
68% Cash
   
5% Personal Injury
   
16.6% Medicare

1% Workers Comp
7.4% Major Med

The doctor participates in most local health insurance programs. 

 

Current office hours are: 


7:30am to 6:00pm Monday and Thursday.

7:30am to 2:00pm Tuesday and Wednesday.

The practice is closed on the remaining days.

                                                                                                

INCOME:

2022- $167,084.00

2023- $161,029.00

2024 Projected- $159,900.00 

 3 year average= $162,671.00

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.