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411 University St, Seattle

Stockbridge Georgia:
Asking $120,000.00 Just Reduced $95,000.00

Very Motivated Seller

*NOTE: BANNER NUMBERS BELOW ARE FOR October 2022 – September 2023

Stockbridge Georgia Chiropractic Practice For Sale

*The following practice information was supplied on October 2023

This practice has been serving the Stockbridge Georgia community for the past twenty years. The 1200sq. ft. clinic is located in a strip mall in good condition with adequate parking. The rent on the clinic would be $2,388.00 per month.  All equipment and furnishings to be sold with the practice are valued at approximately $29,600.00. The clinic has EHR with Eclipse. There is on site non-digital X Ray. Tables are BENCH, Drop and Flexion/Distraction.. 

Stockbridge is a city in Henry County, Georgia. Stockbridge is part of the Atlanta metropolitan area.  Conveniently located 20 miles south of Atlanta off I-75 and I-675, Stockbridge is often recognized as the gateway to Henry County. Supportive economic development, excellent public services and fabulous small town hospitality are all reasons why Stockbridge continues to enjoy tremendous growth.  Stockbridge Georgia has a population of 29,472 with 251,749 in the surrounding Henry County.  

During the last 12 months, this practice averaged 15 new patients per month and 141 monthly office visits. This puts the patient visit average at 10. For the same 12 months the practice averaged $21,580.00 in monthly services rendered and $12,457.00 in monthly collections. This puts the collection percentage at 58%. The average patient visit is $88.

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 as offering a full range of family based chiropractic care along with supportive physiotherapies.

The current doctors wish to sell in order to retire.


The chiropractic technique of choice is Diversified, Drop and Activator. 

The clinic currently employs two receptionists. The doctors state 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 $5,275.00. 

New patients are primarily gained through:
40% Patient referrals  
40% MD/Attorney referrals
10% Ads
10% Other

The practice is: 
   
28% Cash
2% Medicare
            
60% HMO/PPO
10% Personal Injury

The doctors participate with most local 
insurance programs.

Current office hours are: 

9:00am to 6:00pm Monday, Wednesday and Friday (Lunch 1:00 to 3:00).
10:00am to 8:00pm Tuesday (Lunch 1:00 to 3:00).
10:00am to 6:00pm Thursday (Lunch 1:00 to 3:00).
10:00am to 1:00pm Saturday.
The practice is closed on the remaining days.

INCOME:
2021- $165,320.00
2022- $172,910.00
2023 projected – $155,172.00
3 year average= $164,467.00

Disclaimer:  Premier Practice Consultants is strictly a consultant/representative. All the information provided for any practice has not been subject to an audit. All information has been furnished entirely by the seller. It is solely the responsibility of a buyer to seek professional, legal or financial advice to confirm any information provided. Premier Practice Consultants, LLC., is a consultant and does not accept any liability for accuracy.