The Art Of Chiropractic Associate Buy-In and Buy-Outs

Looking for a chiropractic associate job or looking to hire a chiropractic associate as a part of your practice’s transition strategy?  Here are a few things you need to consider — regardless of which side of the fence you are on! Young chiropractors are quickly becoming more risk-averse thanks, in part, to the $200,000 debt burden some of the new …

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Should You Sell Your Building With Your Chiropractic Practice Sale?

There’s one common question that goes through a lot of doctor’s minds as they prepare their transition — regardless of whether you are planning to transition sooner or later, sell, hire an associate, whatever it may be. The question I get often is this: Should I sell my building with my practice? There is no definitive answer that applies across …

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The Dangers of Overpricing Your Chiropractic Practice For Sale

When it comes time to transition or sell your chiropractic practice, it’s understandable that every owner wants to get top dollar for their business. For many chiropractors, our business is our baby. Our patients are like an extended family or friends. We’ve put years of blood, sweat and tears into building this entity up and we can see the value …

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associate chiropractor wanted

Associate Chiropractor Wanted for Buyout: Assumptions Owners & Employees Need to Avoid

I frequently get questions from docs who are looking to place an associate chiropractor wanted for buyout ad – and aren’t quite sure about some of the buyout details. Interestingly enough, we get an almost equal number of questions from the other side of the fence – from DC’s who have responded to an associate chiropractor wanted ad – and …

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chiropractic practice sale marketing

Chiropractic Practice Sale Marketing Mistakes to Avoid (Part 2)

In Part 1 of the Chiropractic Practice Sale Marketing Mistakes to avoid segment, we discussed some common mistakes chiropractors make when attempting to attract a buyer or prospect. Admittedly, it’s not an easy task to find a perfect fit for your practice style, location, timing, price and all the other criteria that will make a great match for your sale …

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chiropractic practice sale mistake

Chiropractic Practice Sale Marketing Mistakes to Avoid (Part 1)

Unfortunately, there are many goofs and blunders you can easily make when selling a chiropractic practice or transitioning your business.  Today, we’re going to discuss the first of a series of chiropractic practice sale marketing mistakes that can have disastrous consequences on your chiropractic practice sale or transition. The first mistake most chiropractors make in marketing is to Under-Promote (if …

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time to sell a chiropractic practice

Is This a Good Time to Sell a Chiropractic Business?

One question many chiropractors face when nearing their desired retirement or transition goals is simply this: “is it a good time to sell a chiropractic business?” As most DC’s are familiar with stock market surges, a buyer or seller’s market in real estate and similar “timing” issues where one looks to capitalize on the trend of the day, it makes …

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selling a chiropractic practice

How Goodwill Affects the Purchase Price When Buying or Selling a Chiropractic Practice

When it comes to buying or selling a chiropractic practice, it’s important to consider its price which is determined by both the marketplace and its value on paper. When looking at the value of a chiropractic practice specifically, the single largest contributor to value is typically an intangible asset called “goodwill.” Basically, what this means for the buyer is that …

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future chiropractic practice sale

Year-End Moves to Help Your Future Chiropractic Practice Sale or Transition

If you are planning a future chiropractic practice sale or transition next year (or within the next three years), there are some strategies that you can employ at the end of the year to better position your business for the eventual sale or transition. The good news is that they are relatively simple moves that can be done quickly.  The …

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5 Factors to Consider BEFORE Buying a Chiropractic Practice

Many chiropractors wonder if they are entrepreneurial enough or whether they have “what it takes” to run their own business. There are many factors that are affiliated with chiropractic business success such as motivation, business savvy and clinical skills – among others. Specifically, financial lending institutions will consider many “tangible” factors beyond those mentioned above.  Here’s a quick list of …

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