Chiropractic Clinic
Carver County, Minnesota, US, ID 289553
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Description
Chiropractic practice for sale in the Southwest Metro area with 19 years of operating history. The clinic runs primarily on a cash-pay model and currently averages approximately 250 patient visits per week.
Practice profile
- 19 years in operation
- Approximately 250 patient visits per week
- Cash-based practice
- Adjustment-focused care model
- More than 60% of visits described as wellness-based
- Small experienced support team
Recurring revenue
The seller reports more than $20,000 per month in recurring revenue from active wellness patients. The wellness component accounts for more than 60% of current visits and provides a significant recurring portion of the practice's revenue.
Buyers should review patient retention, membership or wellness-plan terms, cancellations, prepaid balances and monthly collection history.
Patient acquisition
Most new patients are reported to come through referrals rather than paid advertising. The practice also has more than 100 five-star Google reviews according to the seller.
Online ratings, review history and ownership of digital profiles should be confirmed during due diligence.
Operations
- Approximately 1.5 staff positions
- Established scheduling and patient-flow systems
- Current owner provides approximately 27 hours of patient care per week
The seller reports stable collections and profitability over the past four years with relatively low operating overhead.
Additional services
The practice has added several services that are currently described as underutilized.
- Shockwave therapy, introduced approximately four years ago
- Spinal decompression using a Hill DT table, introduced approximately one year ago
A new owner may be able to increase utilization of these services within the existing patient base, subject to clinical appropriateness and applicable professional requirements.
Growth
- Increase use of shockwave therapy
- Expand spinal decompression services
- Add an associate chiropractor
- Increase patient capacity
- Develop additional referral relationships
- Add complementary services where clinically and legally appropriate
Due diligence
Buyers should verify historical collections, SDE or other profitability measures, active patient count, recurring wellness revenue, prepaid patient balances, visit frequency, staff compensation, equipment ownership, lease terms and the transferability of phone numbers, websites and digital accounts.
Chiropractic licenses, patient records, professional liability coverage and any clinical or advertising requirements remain subject to applicable state rules. A buyer should also confirm whether wellness plans, treatment packages and any ancillary services comply with current billing and professional-practice requirements.
Details
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