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Asking Price$350,000
Revenue$585,000 Established1986
Cash Flow$165,000 Employees2 full, 6 part
FF&E$113,000* FranchiseNo
Inventory$7,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
One of Tallahassee's most respected chiropractors is forced to sell due to disability (wrist).
28 years in operation with a great staff, digital X-ray, nicely equipped, and a great location.  Mixture of cash, BCBS, and PI with a smattering of Medicare, Work Comp, and VA. Family practice treating 2nd and 3rd generations.  Cash flow more than adequate to support purchase of practice. Owner will stay for transition and train until you are satisfied.
Facilities:Rental office in 2nd year of 5-year lease; lease is transferable. Layout was designed by owner/chiropractor with 9 treatment rooms laid out around perimeter, offices and reception in center. Visually appealing and cheerful. Children's area with Ponee table; ICRCo digital X-ray, 3 tables with drops, elevation, and flexion-distraction; 4 massage rooms with tables; 2 acupuncture rooms with tables. Location is on major thoroughfare (evening drive side) with signage and great visibility.
Competition:Tallahassee has less chiropractic competition than most cities in Florida.
Growth Potential:This practice has in the past, with an associate and lots of time dedicated to marketing events and a larger ad budget, billed over $800,000 and netted almost $250,000. With a motivated young owner, it could easily get there again!
Training/Support:Owner will stay as long as desired (within reason) to train and transition. All policies and procedures are thoroughly documented in employee and company manuals. IT is provided by one of the best local firms for barter. Software is all under support contract.
Seller Financing:Will carry up to 10% of price for the right buyer.
Sale Reason:Severe chondromalacia in right wrist.
Ad #51321
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Peri Dwyer
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