This thriving practice that has been in the same location for the past 35 years. The clinic is 2500 sq feet and is located in a professional complex with more than adequate parking. The is 6 years remaining on the current lease with renewable options. The lease on the space is $2,985.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $9,608.
 
The town of Dunwoody is a north west city of Atlanta Georgia. It has a population of 48,992 with 768,079 people in the surrounding DeKalb county.  There are approximately 25 chiropractors in the area.


During the 12 months of 2020, this practice averaged 6 new patients per month (*March-June, only severely acute NP’s accepted) and 247 monthly office visit. This puts the patient visit average at 41. For the same 12 months the practice had $37,666.00 in services rendered and $37,599.00 in collections. This puts the collection percentage at 99% and all CASH! Most patients receive a chiropractic adjustment, a nutrition modality, muscle testing, a nervous system rehab technique, and walk out with supplements.  These services are strictly out of pocket and results in an average patient visit of $140.00. Keep in mind the the chiropractor charges $55 for the adjustment so approximately 60% of income is through nutrition modalities and supplements.

*NOTE: For 4 months March-June there were no NP accepted due to COVID other than if someone was severely acute.
.
The current doctor wishes to sell in order to retire and spend more time with 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 a family based offering chiropractic care and nervous system rehabilitation along with nutritional counseling.

The clinic currently employs an office manager and a technical assistant.  The doctor states that they have never had an insurance audit or malpractice case, and there are none currently pending. The doctor does pay themself a salary, but the salary is not included in the monthly overhead that would accrue to the buyer.

This average monthly overhead is $7763.20 + $10,583.00 (supplement supplies).

The practice is 100% cash. 



New patients are primarily gained through:

80% Patient Referrals
20% from Facebook/Website

Chiropractic techniques of choice are Diversified, Quantum Neurology, Quest and NRT. 



Current office hours are from 10am until 4pm Tuesdays, Thursdays and Saturdays.
The office is closed on the remaining days.



INCOME:
2018- $539,403.00
2019- $509,292.00
2020 = $451,184.00
3 year average= $499,925.00