Chiropractic Office - Prime Location/Seller Financing

Somerdale, NJ
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Asking Price:$170,000
Gross Revenue:$255,601
FF&E:$54,000
Cash Flow:$85,619
Inventory:$8,000
Established Year:1982
BUSINESS DESCRIPTION

Chiropractic office willing to offer seller financing and turnkey

Well-established practice, listed at 2x income. Over 100 new patients in 2023, with an average bill amount of $93.04 per visit, this practice enjoys a solid foundation for future growth being that is currently only open 3 days per week (there is patient interest to be a 5+ day a week practice). This practice has a collection rate of 49%+, and an insurance pay mix of ~92% insurance versus ~8% cash patients. The primary focus is on chiropractic care while integrating some physical therapy modalities such as EMS, ultrasound, and spinal decompression. Located in a prime area with a beautiful facility, the seller is committed to offering seller financing and comprehensive training/onboarding to ensure a seamless transition.
Key Highlights:

Strong Growth Prospects: Expanding days and hours will automatically increase top line revenue. The practice brought in 100 new patients in 2023, with an average bill amount of $93.04 per visit being open only 3 days per week.

Seller Financing: The seller is open to providing financing options for qualified buyers, making this opportunity accessible to a broader range of chiropractors.

Prime Location: Situated in a prime location, this practice enjoys high visibility and accessibility, contributing to a steady patient flow.

Training and Onboarding: Comprehensive training and onboarding will be provided by the seller to ensure a seamless transition of ownership and continuity of care.

Attractive Valuation: Listed at just 2x income, this chiropractic practice offers excellent value for those seeking a strategic investment in the healthcare sector.

This chiropractic practice offers a unique opportunity for both experienced practitioners and newcomers to the field. With its favorable valuation, growth potential, diverse service offerings, and prime location, it is well-positioned for success. Don't miss the chance to own and operate a thriving chiropractic practice in a sought-after location.

For additional information please contact listing agent Sam Meister at 484-332-9282 or samuel.meister@fcbb.com


DETAILED INFORMATION
Location
Somerdale, NJ
Inventory
Included in asking price
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seller owns the real property with 2,055 sq ft. Seller is active with 2 FT and 1 PT employees. Hours of operation are 8am – 6pm Monday, Wednesday & Friday. $8,000 in inventory and $54,000 in FF&E included in the asking Price. Chiropractor license required.
Support & Training
1 month
Reason for Selling
Retirement
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Samuel
Meister
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Samuel Meister