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Navarre Florida Practice: Asking $199,000.00
100% Cash!
PRICED BELOW MARKET VALUE FOR QUICK SALE!
This successful practice has been serving the Navarre Florida community for the past 10 years. The 2,000 sq. ft. clinic is located in a professional building in good condition with adequate parking. The rent on the clinic would be $2,600.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $30,000.00. The clinic does have EHR with Genesis and Billing Precision. There is on-site digital X Ray. Tables are Drop. The website is hosted by GoDaddy.
Navarre is a community in Santa Rosa County in the northwest Florida Panhandle. Located between Pensacola and Fort Walton Beach, Navarre is the third-largest community in the Florida Panhandle. Navarre Beach is the place to go for outdoor recreation, family-friendly attractions, and award-winning seaside dining. Navarre Florida has a population of 40,071 with 208,125 in the surrounding Santa Rosa County.
During the 10 months of 2024, this practice averaged 22 new patients per month and 523 monthly office visits. This puts the patient visit average at 24. For the same time the practice averaged $27,912.00 in monthly services rendered and $24,364.00 in monthly collections. This puts the collection percentage at 87%. The average patient visit is $47.00.
The current doctors wish to sell in order to relocate closer to family.
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 doctors describe this practice as offering a full range of family and pediatric chiropractic care.
Chiropractic techniques of choice is Diversified, Thompson and Webster.
The clinic currently staffs two chiropractic assistants.
The doctors state that they do not have any malpractice suits, insurance audits or board charges active or currently pending. The doctors do 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 17,000.00.
New patients are primarily gained through:
50% Screenings
25% Patient Referral
25% Professional Referral
The practice is:
99% Cash
1% Medicare
Current office hours are:
11:00am to 6:00pm Monday to Thursday.
The practice is closed on the remaining days.
INCOME:
2024- $214,131.00 (Took over practice in April so this is only 9 months of income).
2025 Projected (Jan-Sept based)- $395,957.00
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