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411 University St, Seattle

Winter Garden (Orlando) Florida: Asking $130,000.00

*Banner Numbers Below Are For May 2022 – April 2023

Winter Garden Florida Chiropractic Practice For Sale

*The following practice information was supplied on May 2023

This successful practice has been serving the Winter Garden Florida community for the past twenty three years. The clinic enjoys dozens of 5 star reviews on Google, Yelp, Groupon and Facebook.The 900 sq. ft. clinic is located in a strip mall in good condition with adequate parking. The office was remodeled just a few years ago. The rent on the clinic would be $2,881.00 per month. All equipment and furnishings to be sold with the practice are valued at approximately $7,725.00. The clinic does not have EHR. There is non digital on-site Xray. 

Winter Garden is a city 14 miles west of Downtown Orlando in the western part of Orange County, Florida. It is part of the Orlando–Kissimmee–Sanford, Florida Metropolitan Area. Winter Garden Florida has a population of 45,431 with 1,515,093 in the surrounding Orange County. 

During the last 12 months, this practice averaged 16 new patients per month and 363 monthly office visits. This puts the patient visit average at 22. For the same 12 months the practice averaged $18,708.00 in monthly collections. The average patient visit is $51.00.

The current doctor wishes to sell in order to change career paths. 

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 chiropractic care.


Chiropractic technique of choice is Diversified, Thompson Drop and Activator. 

The clinic currently employs one chiropractic associate doctor, one front desk/insurance manager and one LMT.  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 $12,406.00.

New patients are primarily gained through:
60% Patient Referrals
   
5% MD/Attorney Referrals
   
35% Ads    
    
    

The practice is: 
   
88.6% Cash
   
0.9% Personal Injury
   
6.4% Major Med
   
4.1% Medicare
   
The doctor only participates in Medicare 
insurance programs.

Current office hours are: 

9:00am until 6:00pm Monday, Wednesday-Friday.Lunch 11:30am-3pm
The practice is closed on the remaining days.

INCOME:
2021- $234,510.00
2022 – $222,912.00
2023 Projected- $224,319.00
3 year average= $227,247.00

*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.