We utilize unique methods to value chiropractic practices because we know your business is all about personal relationships. Cookbook methods found online will never take this factor into account. We know that if a chiropractor cannot connect with a patient, then the patient won’t come back. For example, a coffee shop isn’t constrained to the same dynamic. Someone might complain about an unfriendly barista, but most likely that person will return for another latte in the future. This is not the case with a chiropractic clinic though. Our team understands the dynamic between doctor and patient, and our appraisals reflect the true value of that relationship.
When establishing the value of a chiropractic practice, our appraisals analyze the various components within a chiropractic business. These components include tangible assets, goodwill, accounts receivables, and leasehold improvements if you lease office space. Once these categories have been valued, we add them together and determine the total clinic value. Real estate is not factored directly into the business appraisals although we may reference its existence in the final appraisal.