I am sometimes asked by chiropractors looking to purchase a clinic whether they can simply buy the patient list from the seller rather than taking on the clinic premises equipment and its staff.
Want to set up on your own?
Consider the following - You are interested in purchasing a business property, for which you need some funding. You are aware that the interest accrued can become a deductible expense. However, do the following additional advantages appeal to you?:
The method by which you negotiate the buying or selling of a chiropractic practice is dependent upon a few simple, but sound principles. It is well worth spending time researching before outlaying what could be a sizeable amount of money.
Being a chartered accountant who has been involved in the financial affairs of chiropractors for over 15 years I have clients ranging from employees working in a chiropractic clinic to multi-partner firms with several practices.
If you are thinking of setting up a chiropractic clinic from scratch finance 4 chiropractors may be able to help you. Read our tips below to find out how.