For new graduates of chiropractic colleges who are saddled with thousands of dollars of student debt, it may feel impossible to build or buy a practice any time soon. Luckily there is a way to buy a practice in a matter of years, while gaining fundamental clinic experience. This is known as a sweat-equity buyout…
It’s no secret the chiropractic industry attracts maverick personalities. That means when it’s time to sell the practice, many chiropractors are tempted to do it themselves. This can save the chiropractor some money on a broker’s fee. However, without clinic sales experience, the juice may not be worth the squeeze. Going the “for sale by…
Buying a practice is one of the on ramps to business ownership and career success for chiropractors. A huge benefit of buying is that it comes with a built-in transition process between buyer and seller. Here are 10 tips to get the most out of the transition: Buyers Buy from someone with a similar philosophy…
When it’s time to sell the practice, chiropractors want to close the deal efficiently and get the most value possible. However, many first-time sellers find it’s easy to unknowingly get in their own way. Avoid common missteps with the following tips: Do Clean Up Your Books Buyers will want to review profit and loss statements…
The average chiropractic practice takes about 12 to 18 months to sell, but sometimes sellers need to move more quickly. In the event that a chiropractor passes away and can no longer practice, or if a doctor is simply burned out and ready to call it quits, there are a few steps to take to…
Whether for retirement planning, a sale, a future partnership or even a divorce, chiropractors will need a practice appraisal at some point in their careers. Practice valuation is best conducted by a consultant or broker who is well-versed in the nuances of the chiropractic industry. This ensures the valuation is fair and as accurate as…
After years or even decades of hard work, selling a chiropractic practice may feel like a major emotional and financial decision. Plus, if it’s a doctor’s first time on the seller’s side of the negotiating table, the transaction process may appear complicated and stressful. Luckily with the proper planning, chiropractors can gracefully exit and move…
The best way to sell your chiropractic practice is to know your potential buyers. From the new graduate to the private equity firm, each buyer is looking for something a little bit different out of the sale. Here’s who’s buying and what you need to know to appeal to these common buyers: New Graduates With…
Eager to buy a practice and get out on your own, but don’t know where to begin? Step one is to understand the process so you know what to expect and how to prepare. Buying a chiropractic clinic is a detailed process that requires months to execute. Here is a high-level overview of what that…
It’s never too soon to start planning for the future. If you’re a chiropractic student, you can get ahead of the game by taking a few simple steps that will position you to buy a clinic as soon as you graduate or just a few years after. Here’s where to start: At the most basic…
Brokers and consultants often price chiropractic practices using a simple net cash flow-based valuation method. While this estimate offers a good starting point for determining practice value, many buyers are still left wondering — is this practice worth the asking price? Understanding the Ballpark Figure Before evaluating whether a practice is a good investment, buyers…
Location, location, location. The old real estate adage also applies to chiropractic practices. Where a clinic is located can mean the world of difference for a chiropractor’s take home pay, ability to grow their practice and quality of life. However, the best clinic locations aren’t always intuitive, and many require tradeoffs. For example, people are…
Many chiropractors dream of having the professional freedom to run their own practice, be their own boss and set their own schedule. Experience level, finances, goals and practice preferences, all factor into how chiropractors may choose to pursue practice ownership. Luckily there’s a path for everyone, from the starry-eyed associate to the experienced pro. Here…
The COVID-19 pandemic and economic slowdown have ushered in record low interest rates for loans. These conditions have also accelerated doctors’ retirement plans, flooding the market with motivated sellers. For associates ready to start their own practice, experienced chiropractors looking to expand or relocate, or even new graduates unsure of where to turn next, this…
Buying a chiropractic clinic can be overwhelming, especially for first-time buyers and young associates. Chiropractic colleges often do not provide sufficient business training to buy and build a practice, leaving first-time buyers exposed to potential missteps. If you’re ready to become a practice owner, here’s how to avoid the most common mistakes buyers make during…
Location, location, location. The old real estate adage also applies to chiropractic practices. Where a clinic is located can mean the world of difference for a chiropractor’s take home pay, ability to grow their practice and quality of life. However, the best clinic locations aren’t always intuitive, and many require tradeoffs. For example, people are…
Eager to buy a practice and get out on your own, but don’t know where to begin? Step one is to understand the process so you know what to expect and how to prepare. Buying a chiropractic clinic is a detailed process that requires months to execute. Here is a high-level overview of what that…
When it’s time to sell the practice, chiropractors want to close the deal efficiently and get the most value possible. However, many first-time sellers find it’s easy to unknowingly get in their own way. Avoid common missteps with the following tips: Do Clean Up Your Books Buyers will want to review profit and loss statements…
For new graduates of chiropractic colleges who are saddled with thousands of dollars of student debt, it may feel impossible to build or buy a practice any time soon. Luckily there is a way to buy a practice in a matter of years, while gaining fundamental clinic experience — through the sweat-equity buyout method. Ten…
It’s no secret the chiropractic industry attracts maverick personalities. That means when it’s time to sell the practice, many chiropractors are tempted to do it themselves. This can save the chiropractor some money on a broker’s fee. However, without clinic sales experience, the juice may not be worth the squeeze. Going the “for sale by…
By Harry Engel, Looking for a place to practice chiropractic, but not have to worry about the headache of running a clinic? This month we have seen an amazing set of offers for Doctors of Chiropractic to move into a position where they get paid to adjust without the worry of running a practice. Check…
September 18th is one of my favorite days of the year. We get to celebrate the birth of chiropractic, and I had the joy of being in the office Monday, providing care to some of the worlds greatest people. Speaking of the worlds greatest people, I received a bunch of emails from you on Monday (and Tuesday) regarding chiropractic classifieds you had posted.
Choosing a Prime Chiropractic Location Part 4 in our series of Assessing the Salary of a Chiropractor Where you’re located could make all the difference in the world A chiropractor in California is going to have different issues to consider than a Florida chiropractor will, even though both are coastal states. That may not have…
Happy summer 2017! I was just logged in and checking the chiropractic classifieds, I see there’s no shortage of Chiropractic practices for sale. I noticed about half a dozen chiropractic practices being listed for sale within the hour.
Depending on goals with your chiropractic websites, you can do a 301 or 302 redirect. What? That was from a conversation I had yesterday with a chiropractor in Southern California regarding a situation where he owns more than one chiropractic website but is only hosting one of them. He had thoughts on what to do with his second chiropractic website.
Invariably, at some point when talking to my patients, or anybody really, the conversation turns to where I lived before moving to Mesa five years ago. And, invariably, the question comes up of why I moved from Los Angeles to Mesa. The need for brevity usually has me shorten my answer to “I just loved the mountains and weather” but the reasons are more complex and numerous.