This practice has been serving the Whitehouse Ohio community for six years. The 2,000 sq. ft. clinic is located in a strip mall in excellent condition with adequate parking. The rent on the clinic would be $2,128.00 per month or current market value at time of sale. This clinic enjoys 5 star reviews. All equipment and furnishings to be sold with the practice are valued at approximately $61,000.00. The clinic does have EHR w/Platinum. There is on-site digital Xray. Tables are Drop, Bench, HiLo and Flex/Distraction. The technology, iPads and computers are roughly 2-4 years of age. The website is hosted by Weebly.

Whitehouse, Ohio, is a charming village located within the Toledo Metropolitan Area in Lucas County, approximately 18 miles west of Toledo. Whitehouse’s blend of natural beauty and community-focus makes it a noteworthy place to live within the Toledo Metropolitan Area. Whitehouse has a population of 5,103 with 431,279 in the surrounding Lucas County.

During the last 12 months, this practice averaged 20 new patients per month and 948 monthly office visits. This puts the patient visit average at 47. For the same 12 months the practice averaged $52,396.00 in monthly services rendered and $40,614.00 in monthly collections. This puts the collection percentage at 77%. The average patient visit is $43.00.

All fees are commensurate with others in the area. There are NO receivables figured into any of our formulas.

The owner is selling in order to relocate.

The current owner describes this practice as offering a full range of acute based family chiropractic care along with massage.

Chiropractic techniques of choice are Thompson Drops, Activator and Toggle.

The clinic currently staffs four chiropractic assistants and one administrator.

The owner states that they do not currently have any malpractice suits, board charges or insurance audits active or currently pending. The owner pays themselves a salary, but that salary is not included in the monthly overhead that would accrue to the buyer.

The average monthly overhead is approximately $18,500.00. (This does not include an executive director’s salary.)

New patients are primarily gained through:
70% Patient Referral
5% MD/Attorney Referral
25% Ads

The practice is:
65% Cash
2% Personal Injury
13% Medicare
20% Major Med

Current office hours are:
8:00am until 6:00pm Monday, Wednesday and Thursday
2:00pm to 6:00pm Tuesday
9:00am to 11:00am Friday
The practice is closed on the remaining days

INCOME:
2023- $418,722.00
2024- $484,374.00
2025 projected- $513,834.00
3 year average= $474,310.00