Unique opportunity to own a lucrative chiropractic practice near Chicago & Milwaukee 

The following income and expense summaries are derived from an average of income and adjusted expenses from YE2015-2017. Note that Dr. Johnson works about 36 hours per week and takes up to 3 weeks off per year.

Income

• Average gross yearly revenue (3 years): $254,700+ ($21,000+/mo.
  
  

Expenses

• Average adjusted expenses*: ~$153,500 yearly ($12,799/mo)
  
  *Adjusted expenses are the net expenses that a new owner would have to take on in order to run the business at the same level of revenue as the current owner.

Net ​Profit:

• Average $101,000+/year ($12,215/month) – About 40% of revenue is profit after expenses.

• $149,950 OBO. Our price is based on a conservative professional valuation of more than $160,000, with an average yearly gross of over $250,000 for the past several years.
• Our motivation to sell in a timely fashion has allowed us to generously factor in a discount relative to our valuation to account for potential attrition and start-up costs on change of ownership. We expect the right person will retain our patients and transition smoothly, making this a great opportunity for the buyer.
• The purchase will be structured as an asset purchase agreement, and may be drawn up between buyer and seller (preferred) or by attorneys, at the discretion and by agreement of both parties.
• Approval of the buyer is subject to a credit check, and loans from medical practice brokers, banks, or the Small Business Administration (SBA) may be available to finance the transaction depending on the buyer’s creditworthiness.
• Upon purchase, the new owner will receive all patient records and office furniture and equipment.
• The current owner will also transfer to the new owner all clinic-related intellectual property, including the clinic phone number, website, Lytec billing and electronic medical records software, and clinic-related financials.
• Current employees include an amazing office manager and two massage therapists (all W-2 employees). All have worked at the clinic for years and are fantastic assets that may be willing to stay on with the new owner by mutual agreement.
• The current owner of the business also owns the building and is motivated to sell it together with the practice.
• The current owner’s goal is to surrender the practice by the spring of 2019. She would be willing to stay on for a limited time to assist in the transition if so desired by the new owner at no additional cost.

Some select photos of our beautiful office...