This practice has been serving the Flanders New Jersey community for forty three years. The 900 sq. ft. clinic is located in a professional building in excellent condition with adequate parking. The rent on the clinic would be $1,800.00 per month(or current market value at time of acquisition). The building is available for an additional purchase (details available upon request). All equipment, supplies and furnishings to be sold with the practice are valued at approximately $16,000.00. The clinic does not have EHR. There is on-site digital Xray. Tables are Drop and HiLo. The computers are approximately 2 years of age. The website is hosted by JMR Creations.

Flanders New Jersey is located in Morris County. Flanders, New Jersey has a population of 6,473, with 514,433 in the surrounding Morris county. This charming, unincorporated community located in Morris County is known for its suburban atmosphere and close-knit community feel. 

During the last 12 months, this practice averaged 10 new patients per month and 591 monthly office visits. This puts the patient visit average at 59. For the same 12 months the practice averaged $30,390.00 in monthly services rendered and $19,757.00 in monthly collections. This puts the collection percentage at 65%. The average patient visit is $35.00.

All fees are commensurate with others in the area. The receivables are NOT included in this offering.

The owner is wanting to sell in order to retire.

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

Chiropractic techniques of choice are Diversified, Thompson and Activator.

The clinic currently staffs one office/insurance manager and two chiropractic assistants.

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 $6,850.00.

New patients are primarily gained through:
44% Patient referral
1% MD/Attorney
25% Ads
30% Insurance Participation

The practice is:
25% Cash
2% Personal Injury
15% Medicare
58% Insurance

Current office hours are:
9:00am until 6:30pm Monday Wednesday and Friday – 12:30pm–3:00pm
10:00am until 3:00pm on Tuesdays
9:00am until 11:30 on Saturdays
The practice is closed on the remaining days

INCOME:
2022- $248,375.00
2023 – $236,123.00
2024 projected- $266,991.00
3 year average= $250,496.00