This successful practice that has been serving the Murphy North Carolina area for the past eighteen years. The 1600 sq. ft. clinic is located in a strip mall in excellent condition with adequate parking. The rent on the clinic is $1,200.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $16,700.00. The clinic does have EHR w/EZBiz. There is non-digital Xray on site. The tables are Drop and HiLo.

Murphy is a town in and the county seat of Cherokee County, North Carolina. Murphy is an old town with its origin dating back to 1830s. Downtown is beautiful with flower and tree lined streets and many historic buildings restored to their original state. Murphy has restaurants, many unique shops, and other interesting locations all within walking distance in the heart of town. There is lots of hiking, exploration, fishing, and hunting. Murphy has a population of 1,677 with 29,098 people in the surrounding Cherokee County. There are four other chiropractors in the area.

During the last 12 months, this practice averaged 42 new patients per month and 767 monthly office visit. This puts the patient visit average at 19. For the same 12 months the practice averaged $65,896.00 in monthly services rendered and $26,107.00 in monthly collections. This puts the collection percentage at 40%. The average patient visit is $84.00.

The current doctor wishes to sell in order to eliminate a long commute.

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 offering as full range of chiropractic care w/supportive modalities. There is a focus on acute based care.

Chiropractic techniques of choice are Drop, Full Spine and Activator/Impulse.

The clinic currently employs two chiropractic assistants and an independent billing company.  The doctor states that they do not have any malpractice suits, insurance audits or board charges active or currently pending. The doctor does pay themself a salary, but that salary is not included in the monthly overhead that would accrue to the buyer. 

The average monthly overhead is approximately 
$8,000.00.

New patients are primarily gained through:
95% Patient Referrals
    
5% Internet
  

The practice is: 
    
30% Cash
    
34% Medicare
    
36% Major Med
    
    

The doctor participates in most local insurance programs.

Current office hours are: 

8am until 5:30pm Mondays and Wednesdays-with lunch from 11:30am until 1:30pm.

8am until 4:30pm Tuesdays and Thursdays-with lunch from 11:30am until 1:30pm

The practice is closed on the remaining days.


INCOME:
2020 – $268,190.00
    
2021- $313,280.00

2022- $300,000.00