This thriving practice has been serving the Lake Worth community for twenty eight years. The 1485 sq. ft. clinic is located in a strip mall with adequate parking. The rent on the clinic would be $3,921.00 per month. This clinic enjoys hundreds of 5 star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $55,000.00. The clinic does have EHR w/PayDC. There is on-site digital Xray. Tables are Bench, Drop and Decompression. 

Lake Worth is a city in east-central Palm Beach County, Florida. Lake Worth has great beaches, a new fishing pier, historic buildings, and a revitalized downtown with an eclectic mix of antique stores, specialty shops, restaurants, art galleries, music venues and special events. Lake Worth has a population of 236,562 and its surrounding county has a population of 1,547,735.   

During the last 12 months, this practice averaged 20 new patients per month and 312 monthly office visits. This puts the patient visit average at 16. For the same 12 months the practice averaged $88,591.00 in monthly services rendered and $32,323.00 in monthly collections. This puts the collection percentage at 37%. The average patient visit is $103.00.

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 retire.

The current owner describes this practice as offering a full range of chiropractic care with a focus on personal injury services. 

Chiropractic techniques of choice are Diversified, Drop, and Activator. 

The clinic currently staffs one full time and five part time admin/tech assistants.  The staff are all cross trained in all positions.

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 $13,500.00. 

New patients are primarily gained through: 
20% Ads 
15% Patient referral
65% MD/Attorney

The practice is:
10% Cash
5% Medicare
75% Personal Injury
10% Major Med

Current office hours are: 
8:30am until 6:00pm Monday thru Thursdays
8:30am until 11:30am Every Other Saturday
The practice is closed on the remaining days.

INCOME: 
2022- $410,845.00
2023- $475,347.00
2024 projected- $346,220.00
3 year average= $410,804.00