Business for sale at www.bizbrokersfl.com: Medical Related Biz|Medical Chiropractic

PROFILE 417-16410714

Location:	2 offices in Palm Beach & 2 offices in Broward Counties	Medical Related Biz\|Medical Chiropractic
Sales Price:	$3,500,000	Down Payment: $1,750,000

Executive Summary

Very successful group of 4 family chiropractic centers. Offers Chiropractic Care, Massage & Physical Therapy, Podiatry, Orthopedic & Neurological Consultations & Referrals and Diagnostic Testing. Owner is a DC but functions as admin./director as each office has Dr. and support staff. A/R of approx. $6.8MM inc. in sale. Easily expand by adding other med/spa services. Offices can be bought separately (see 16410710,16410711,16410712,16410713). Financial statement & resume required prior to full disclosure.

Business Synopsis
Business Format:	S Corp	Facilities:	strip center(s)
Established in:	2000	Square Footage:	5250
Years Owned:	10	Lease Expires:	12/31/2015
Employees:	17	Monthly Rental Expense:	$6,207
Reason for Sale:	Slow down and create time to explore other business interest
Skills Required	Administrative and/or medical/billing background
Training Provided:	4 weeks

Asset Information (estimated fair market value)
Accounts Receivable	$6,817,000	Included
Inventory:	$2,500	Included
Leasehold Improvements:	$140,000	Included
Furniture, Fixtures & Equipment:	$220,000	Included
Total Assets Included in Sale:	$7,179,500

Operating History

2009

2008

2007

	Financial Source	P/L Statement	Tax Return	Tax Return
	Gross Sales	$1,767,332	$1,212,462	$1,603,167
	Gross Profit	$1,767,332	$1,212,462	$1,603,167
	Discretionary Earnings *	$796,335	$486,035	$612,845
* Recasting provides an economic view of the Business, allowing meaningful comparison with other investment opportunities.

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COLLINS & COLLINS INVESTMENTS
801 BRICKELL AVENUE
MIAMI, FL 33131-2945