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A better way to match Associate Chiropractors with Clinics:

We believe that there should be a better way. 
Our map based programming allows doctors to visually see the opportunities.  We allow for cloaking of actual locations to provide a degree of confidentiality.  And we’re working on the next set of improvements.  Please message us with your ideas or feedback

"The nervous system holds the key to the body's incredible potential to heal itself."
- Sir Jay Holder
"There is no effect without a cause. Chiropractors adjust causes. Others treat effects."
- B.J. Palmer
“Find the subluxation. Accept it where you find it. Correct it. Leave it alone.”
- Dr. Clarence Gonstead

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 things to know about SEBO: A SEBO arrangement allows associates to join a practice without putting down money and earn the down payment to buy a practice down the line. It’s considered beneficial for both the buyer and the seller, who is typically a retiring chiropractor looking for a reliable exit plan. The SEBO method also allows for seamless patient transitions, as the associate and the patients will become familiar with each other over the course of the agreement. This buy-sell strategy is common among

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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 philosophy and personality. “If you’re buying from a guy who’s really gregarious and he can get up and give talks, and he’s extremely motivational and has a lot more energy and personal power than you do, I would not buy a practice from that person, not without a really long transition,” says Kevin Misenheimer, a broker with Progressive Practice Sales in Chattanooga, Tennessee. Look for a seller who would be a great mentor and who has time to give a proper handoff. Typically retiring doctors

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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 possible. A Simple Valuation Method While an appraisal will include an in-depth look at tangible and intangible assets, experts have a simple way to gauge value for practice owners looking for a rough estimate. The simplest way to value a practice is to use a multiple of net cash flow. For a quick estimate, chiropractors can take a practice’s net cash flow — or the income after expenses like rent, utilities, insurance, staff salaries and other debts are taken out — from the last fiscal

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Buying a Chiropractic Clinic: 7 Basic Steps

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 process usually looks like: Research and Plan Start with a plan. Buyers should know what their ideal practice looks like, including the procedures they would offer, patient demographics, practice size and location. It is helpful to look at clinic listings [LINK], to see how practices are priced and what is available in locations of interest. Read more here [LINK] on how to choose a location for your practice. Determine Your Budget Buyers need enough cash or liquid assets for a 10-12% down payment. Ideally, buyers

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How to Prepare as a Student to Buy a Chiropractic Clinic

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 level, buyers need a credit score above 680 and enough cash saved for a 10-12% down payment. The best thing a chiropractic student can do to prepare themselves to buy a practice is save as much as possible. “We’ve had doctors that have managed to put some of their student loan money away every month, graduated with $35,000 and bought a $300,000 or $400,000 practice right out of school,” says Kevin Misenheimer, a broker with Progressive Practice Sales in Chattanooga, Tennessee. “They had a great

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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 should look at the basis of the valuation. A common ballpark valuation method is 1.3 to 1.5 times a practice’s net cash flow. The multiplier is based in part on current interest rates. In 2020, with interest rates at record lows [LINK], that multiplier is up near 1.5. This means a practice that cash flows $300,000 per year is worth roughly $450,000. This number can help buyers get a sense of what is in their budget — a typical down payment is about 10-12% of

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Location Matters: How to Evaluate Location Before You Buy

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 flocking to Denver for access to beautiful mountain vistas, year-round outdoor sports, and a rapidly growing economy. It sounds like the perfect place for a chiropractic business. Yet, operating a practice in a popular city like Denver or Seattle, may come with higher overhead costs for rent and a higher cost of living. If paying down student debt and building financial wealth are top priorities, Toledo, Ohio, for example, could be a more attractive destination. Before inking the contract to buy a clinic, here are

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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 are four ways doctors can become practice owners: Starting from scratch Starting a chiropractic practice from scratch allows for complete flexibility and a blank slate to build a dream practice. However, the challenges of starting from scratch mean it’s a strategy that is often best left to the more experienced chiropractors or those with deep pockets. Building a chiropractic business from the ground up is like launching any other business — it requires some business acumen, funding and a lot of grit. Owners will need

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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 means now is the time to buy a chiropractic practice. This environment isn’t bad for sellers either. Low interest rates are favorable for sellers hoping to get maximum value out of their practice, and create an incentive for buyers to ink the deal, meaning your retirement on a sandy beach is closer than ever. Read more about why it’s a win-win to buy and sell clinics in 2020: The SBA loan forgiveness program and low interest rates have created an ideal lending environment. The Small

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6 Common Pitfalls for Chiropractic Clinic Buyers and How to Avoid Them

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 the transaction process: Pitfall No. 1: Buying too small First-time buyers may see robust practices for sale and fear they’re too inexperienced to keep the business running smoothly, so they buy something small with the intent to grow. However, these buyers may spend months or even years learning how to market the practice and grow their patient base; hire and train staff; and become credentialed with insurance companies. How to avoid this mistake: Buy a practice with as much cash flow as possible. Larger practices

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