This practice has been serving the Louisville Kentucky community for thirteen years. The 4,000 sq. ft. clinic is located in a professional building in excellent condition with adequate parking. The rent on the clinic would be $5,300.00 per month. This clinic enjoys hundreds of 5 star reviews. All equipment, supplies and furnishings to be sold with the practice are valued at approximately $135,000.00. The clinic does have EHR w/ChiroTouch. There is on-site digital Xray. Tables are Drop. The technology, server, tablets and computers are between 1-4 years of age. Inception hosts the website. 

Louisville is Kentucky’s largest city.  It sits on the Ohio River along the Indiana border. Louisville is well known for Churchill Downs and the Kentucky Derby, as well as the Louisville Slugger and Kentucky Bourbon. Louisville offers culture, a renowned culinary scene and world class shopping. Louisville has a population of  1,126,000.

During the last 12 months, this practice averaged 19 new patients per month and 373 monthly office visits. This puts the patient visit average at 19. For the same 12 months the practice averaged $130,922.00 in monthly collections. The average patient visit is $95.00 for chiropractic and $8,300.00 for neuropathy care programs.

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

The current owner describes this practice as offering corrective care with neuromuscular re-education, neuropathy care programs and red light weight loss therapy. 

The current owner is selling in order to relocate out of state. 

Chiropractic techniques of choice are Diversified, Thompson Drop and Graston Technique. 

The clinic currently staffs two front desk assistants, one office administrator, one marketing assistant, one neuropathy coordinator and one neuropathy case manager. 

The owner states that there is currently a malpractice suit in mediation to move to resolution.  They do not have any 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 $38,000.00.

New patients are primarily gained through: 
20% Patient referral
80% Marketing for neuropathy (Commercials/Mailers/Seminars)

The practice is:
95% Cash
5% PI

Current office hours are: 
8:00am until 1:30pm Monday and Wednesday(Lunch from 11:00am until 12:00pm).
12:00pm until 5:00pm Tuesday (Lunch from 2:30pm until 3:30pm).
12:00pm until 6:00pm Thursday (Lunch from 2:30pm until 3:30pm).
The practice is closed on the remaining days.

INCOME: 
2023- $1,398,374.00
2024 projected- $1,301,650.00
2 year average= $1,350,012.00