This practice has been serving the West Village New York City community for the past thirty two years. The 1000 sq. ft. clinic is located in a residential building in good condition with street parking. The rent on the clinic would be $2,700.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $20,000.00. The clinic does have EHR w/Eclipse. There is no on-site Xray. Tables are Bench.
 
The West Village in NYC offers designer boutiques and trendy restaurants. Quaint streets, some still cobblestoned, are lined with Federal-style townhouses and dotted with public squares. The historically arty area also has piano bars, cabarets and theaters. The West Village in NYC has a population of 29,071.

During the last 12 months, this practice averaged 28 new patients per month and 410 monthly office visit. This puts the patient visit average at 15. For the same 12 months the practice averaged $44,392.00 in monthly services rendered and $20,949.00 in monthly collections. This puts the collection percentage at 48%. The average patient visit is $60.00.

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 chiropractic care offering acute and family based services.

Chiropractic technique of choice is Diversified, Gonstead and Soft Tissue Therapy.

The clinic currently employs two front desk workers. 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 $9,200.00.

New patients are primarily gained through:
30% Patient Referrals
    
5% MD Referrals
    
20% Ads    
    
45% Zoc Doc
    

The practice is: 
    
20% Cash
    
65% Major Med
    
15% Medicare
    
    

The doctor not participate in local 
insurance programs.

Current office hours are: 

10am until 6pm Mondays and Wednesdays-lunch from 1pm-3pm.

10am until 7pm Fridays-lunch from 1pm-3pm.

12pm until 6pm on Tuesdays.
One Saturday/month.

The practice is closed on the remaining days.

INCOME:
2019- $258,047.00
2020 – $204,518.00
    
2021- $242,586.00

3 year average= $235,050.00