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411 University St, Seattle

West Jordan Utah: Asking $240,000.00

*Banner Numbers Below Are For May 2021-April 2022

West Jordan Utah Chiropractic Practice For Sale

*The following practice information was supplied on May 2022

This successful practice has been serving the West Jordan Utah community for the past fifty one years. The 4,000 sq. ft. clinic is located in a professional building in good condition with adequate parking (This location is shared with another chiropractor). The office was remodeled just a few years ago. The rent on the clinic would be $2,00.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $30,000.00. The clinic does not have EHR. There is use of non digital on-site Xray. Tables are HiLo and Decompression.

West Jordan is a town located in Salt Lake County Utah. Economic development works to attract new business, retain existing business, and foster an environment where business can thrive. Utah is known for its beautiful terrain. The city limits of West Jordan begin on the rivers western rivers bank and end in the foothills of the Oquirrh Mountains. It’s a tight-knit, upscale community that attracts families and high-profile individuals. West Jordan has a population of 115,181 with 1.14 million in the surrounding Salt Lake County. Salt Lake County has some of the top ranked public charter schools in Utah. All this makes West Jordan Utah a fantastic place to live, work and raise a family.

During the last 12 months, this practice averaged 25 new patients per month and 427 monthly office visits. This puts the patient visit average at 17. For the same 12 months the practice averaged $33,684.00 in monthly services rendered and $28,301.00 in monthly collections. This puts the collection percentage at 84%. The average patient visit is $77.00.

The current doctor wishes to sell in order to retire.

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 a full range of family based and pediatric chiropractic care.

Chiropractic technique of choice is Diversified, AK and Activator.  

The clinic currently employs one front desk receptionist, one office manager and one assistant. The doctor states that they do 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 $10,838.00.

New patients are primarily gained through:
100% Patient Referrals
   

The practice is: 
   
75% Cash
   
3% Personal Injury
   
15% Major Med
   
6% Medicare
   
0% HMO/PPO
    
The doctor participate in most local 
insurance programs.

Current office hours are:
7:00am until 6pm Mondays, Wednesdays and Fridays
The practice is closed on the remaining days.

INCOME:
2019- $396,309.00
2020 – $340,817.00
2021- $333,246.00
3 year average= $356,790.00

*The numbers in this practice analysis have not been subjected to an audit, but have been furnished entirely by the seller. Premier Practice Consultants, LLC., for evaluation consulting, does not accept liability for accuracy.