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411 University St, Seattle

Douglasville Georgia: Asking $249,000.00

BUILDING AVAILABLE FOR PURCHASE

*Banner Numbers Below Are A Projection For 2023 (Jan 1st- June 30th)

Douglasville Georgia chiropractic practice for sale

*The following practice information was supplied on May 2022

This successful practice has been serving the Douglasville Georgia community for the past nineteen years. The 2,100sq. ft. clinic is located in a free standing building in good condition with adequate parking. The office was remodeled just a few years ago. The rent on the clinic would be $3,000.00 per month. The building is owned by the doctor and available for purchase (details upon request). All equipment and furnishings to be sold with the practice are valued at approximately $42,000.00. The clinic does have EHR w/ ChiroTouch . There is non digital on-site Xray. Tables are Bench, Drop and HiLo.

Douglasville is a town located in Douglas County Georgia. It is twenty miles west of Atlanta and part of the Atlanta Metro Area. Douglasville is a welcoming city with a friendly, small-town atmosphere and entertainment that emulates big-town fun. While the city continues to grow, Douglasville uniquely preserves its signature hometown feel. Douglasville has a population of 33,035 with 145,063 in the surrounding county. These things make Douglasville Georgia a fantastic place to live and work.

During the last 12 months, this practice averaged 13 new patients per month and 461 monthly office visits. This puts the patient visit average at 35. For the same 12 months the practice averaged $36,148.00 in monthly services rendered and $31,633.00 in monthly collections. This puts the collection percentage at 87%. The average patient visit is $80.00.

The current doctor wishes to sell in order to relocate closer to family.

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.


Chiropractic technique of choice is Diversified, Thompson and Activator.  

The clinic currently employs one office manager/chiropractic assistant and two LNMTs. 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 $15,973.00.

New patients are primarily gained through:
75% Patient Referrals

1% MD/Attorney
24% Ads/Google

The practice is: 
   
30% Cash
         
10% Medicare
   
58% HMO/PPO
/Major Med
2% Personal Injury  
The doctor participate in most local 
insurance programs.

Current office hours are:
8:00am until 6:00pm Mondays-Thursdays (lunch from noon-2:00pm)
7:00am until 1:00pm Saturdays (first and third saturday of the month only)
The practice is closed on the remaining days.

INCOME:
2020 – $341,399.00
2021- $372,201.00
2022 Projected – $390,000.00
3 year average= $379,903.00

*The numbers in this practice analysis have not been subjected to an audit, but have been furnished entirely by the seller. Premier Practice Consultants, LLC., for evaluation consulting, does not accept liability for accuracy.