This successful practice has been serving the Marblehead Massachusetts community for the past thirty six years. The 800 sq. ft. clinic is located in a home office in good condition with adequate parking (The home is available for purchase-details available upon request). The rent on the clinic would be $1,500.00 per month(or currently market value). All equipment and furnishings to be sold with the practice are valued at approximately $9,000.00. The clinic does have EHR w/ASPC. There is no on-site Xray. Tables are HiLo with drop.

Marblehead is a coastal New England town in Essex County, Massachusetts, along the North Shore. A coastal community located north of Boston, known for its quaint narrow streets and historic 17th-century buildings. In Marblehead there are a lot of restaurants, coffee shops, and parks. The public schools in Marblehead are highly rated. Marblehead has a population of 20,256, with 813,679 in the surrounding Essex County.

During the last 12 months, this practice averaged 11 new patients per month and 262 monthly office visits. This puts the patient visit average at 23. For the same 12 months the practice averaged $21,550.00 in monthly services rendered and $16,089.00 in monthly collections. This puts the collection percentage at 75%. The average patient visit is $62.00.

All fees are commensurate with others in the area.

The receivables are NOT included in this offering.

The owner is wanting to sell to retire.

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

Chiropractic techniques of choice are Diversified, SOT and Activator. 

The clinic currently staffs one office manager.

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 $5,770.00.

New patients are primarily gained through: 
50% Patient referral
30% MD/Attorney
10% Ads
10% Other

The practice is:
20% Cash
5% Personal Injury
30% Medicare
40% Insurance
5% Workers Comp

Current office hours are:
8:30am to 6:00pm Monday and Thursday (Lunch 12:00pm to 2:00pm)
8:30am to 5:00pm Tuesday (Lunch 12:00pm to 2:00pm)
8:30am to 11:00am Wednesday
8:30am to 4:00pm Friday (Lunch 12:00pm t0 2:00pm)
The practice is closed on the remaining days.
                                                                           
INCOME: 
2022- $172,157.00
2023- $160,732.00
2024 Projected – $202,434.00
3 year average= $178,441.00