Established Chiropractic office for sale.

Key points:

  • Well established rural practice.
    		•
  • Current doctor been working there since 1995
    		•
  • Short drive to two major shopping centers (Watertown and Brookings)
    		•
  • Balanced patient load (Medicare, Insurance, WC/PI, Cash)
    		•
  • Main Street location, perfectly situated
    		•
  • Fully computerized with wireless networking and DSL
    		•
  • Electronic medical records keeping
    		•
  • City is a County Seat (Government employees)
    		•
  • Several manufacturing facilities in town
    		•
  • Real estate can be included with the sale
    		•
  • Radiographic facilities on site
    		•
  • No competition; nearest DC is +22 miles away
    		•
  • Low overhead
    		•
  • High % of Cash patients
    		•
  • No state income tax!!
    		•
  • Growing community in Eastern South Dakota (Click for City Map)
    		•

    Clear Lake is a wonderful, growing town. Several manufacturing/light assembly employers in the city.
    Census and population details on Clear Lake can be found at

    www.city-data.com.

    The following charts illustrate some specifics about the clinic. Statistical data is kept from Feb 1992 through present. Obviously the last 3 years are the most important.  The chart will be a popup window.  If you have popups disabled (via google toolbar or something) you need to disable it (on google toolbar, hold Control key while clicking on the link).  The recession of 2009 did have an effect on the performance of the office.  We saw a 13% drop in collections and 18% drop in billing.

    Monthly Billing         Patient Contacts per Month
            
    Average Charge per Patient Contact         Yearly Total Billing
            
    Distribution of Receivables         Yearly Total Collections

    Here is a rough floor plan of the building. Note that part of the office is rented out to an attorney.
    He is the perfect tennant; pays his rent on time and he is never in the office.

    Floorplan

    Here are a few snapshots of the interior and one exterior shot. Hover the mouse over the picture for a caption.
    Click each thumbnail for a popup window with a larger image.

    Standing just inside the front doorLooking to the left from the front doorWarmly lit and decorated reception roomLarge pot is a water fountain

    Reception room feels warm and comfortable Monster plants inhabit the clerical areaPlenty of workspace for staff

    Two intersegmental traction beds in therapy room Educational art, professionally framedActivator Table, US-EMS combo machine, Hydroc tankZenith Hi-Lo in 2nd Treatment Room

    Educational art, professionally framed X-Ray facilities on siteWe take films for the local Vet as wellEye catching facade. Main street location, between Bakery and Pharmacy. Busiest section of town.

    List Price
    . Asking
    Equipment 34,871
    Building (optional)
    A/R 12,909
    Blue Sky 47,960
    Total  95,741

    We welcome your formula for practice valuation. If you have a formula for valuation, send it, and I will run the numbers. Specific details are available to interested buyers. The office is available immediately. Current doctor will be relocating to the western states. Doctor will help with financing.  You can send inquiries to our email address at apwhite@itctel.com