10 Things to Know About Sweat-Equity Buyouts
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10 Things to Know About Sweat-Equity Buyouts

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…

Selling Your Chiropractic Practice: Should You Use a Broker or Go It Alone?
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Selling Your Chiropractic Practice: Should You Use a Broker or Go It Alone?

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…

10 Transition Tips for Chiropractic Clinic Buyers and Sellers
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10 Transition Tips for Chiropractic Clinic Buyers and Sellers

Buying a practice is one of the on ramps [LINK] 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…

The Do’s & Don’ts of Marketing Your Chiropractic Clinic for a Sale
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The Do’s & Don’ts of Marketing Your Chiropractic Clinic for a Sale

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…

‘Fire’ Sale: How to Sell a Chiropractic Clinic ASAP
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‘Fire’ Sale: How to Sell a Chiropractic Clinic ASAP

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…

How Much Is Your Practice Worth? Basics of Practice Valuation
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How Much Is Your Practice Worth? Basics of Practice Valuation

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…

Exit Strategy Planning: How to Prepare Your Chiropractic Practice for a Sale
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Exit Strategy Planning: How to Prepare Your Chiropractic Practice for a Sale

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…

5 Types of Chiropractic Clinic Buyers & How to Market to Them
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5 Types of Chiropractic Clinic Buyers & How to Market to Them

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…

How to Analyze the Practice Beyond Cash Flow
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How to Analyze the Practice Beyond Cash Flow

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…

4 Paths to Owning a Chiropractic Practice
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4 Paths to Owning a Chiropractic Practice

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…

Why 2020 is the Year to Buy and Sell Chiropractic Practices
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Why 2020 is the Year to Buy and Sell Chiropractic Practices

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…

The Do’s & Don’ts of Marketing Your Chiropractic Clinic for a Sale

The Do’s & Don’ts of Marketing Your Chiropractic Clinic for a Sale

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…

Selling Your Chiropractic Practice: Should You Use a Broker or Go It Alone?

Selling Your Chiropractic Practice: Should You Use a Broker or Go It Alone?

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…

Being Alert to Classified Ad Scams 2020
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Being Alert to Classified Ad Scams 2020

By Michael Dorausch, D.C. The following email was forwarded to me by the Planet Chiropractic office, originating from a chiropractor via email. URGENT: Multiple scammers! I’ve had two scam attempts on my Chiropractic Equipment For Sale ads. Richard Walls (ri**************@*****il.com and also ri**************@***il.com) and now Cynthia Fenwick are their email aliases. This is the email…

Amazing Associate Opportunities
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Amazing Associate Opportunities

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…

Phishing For Chiropractors Plus Classifieds News
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Phishing For Chiropractors Plus Classifieds News

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
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Choosing a Prime Chiropractic Location

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…

On Buying Chiropractic Domains
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On Buying Chiropractic Domains

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.

Why this Chiropractor Moved from LA to Mesa Arizona
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Why this Chiropractor Moved from LA to Mesa Arizona

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.