|
Century 21 Allstar Professional Practice Sales
Michigan Chiropractic Practice & Real Estate Sales
Century 21 Allstar Professional Practice Sales
15375 S. Dixie Hwy.
Monroe MI 48161
The Michigan based Chiropractic Practice Sales company is a division of Century 21 Allstar Real Estate Team located in Monroe, Michigan. Director, Dr. Tim Cartwright, is a practicing Chiropractor for 30 years as well as a licensed Realtor® in Michigan. Allstar Professional Practice Sales is dedicated to the smooth transfer of Michigan Chiropractic Clinics from one Chiropractor to another after a complete valuation of the practice and it's real estate. Dr. Cartwright has the experience in owning a Chiropractic Practice and the expertise in real estate in Michigan required to organize your prospectus and promote your practice.
Profile Views: 291
|
|
| Benefits & Services |
- Specialize in Michigan Chiropractic Practices and Real Estate
- Over 30 years experience in the Chiropractic profession
- Personally visit your practice
- Confidentiality with all transactions
- State and National advertising
- Licensed Realtor® in Michigan
|
| Valuation of your Chiropractic Practice |
A personal visit to your practice is a must! Your practice's value is based on:
- Detailed information and figures provided by you
- Allstar's understanding and experience with Chiropractic Practices
- A CMA of the real estate, if any, included with your practice
- Allstar's expertise in Michigan real estate
After personally visiting your chiropractic practice and collecting the necessary information, a prospectus is prepred to be available for prospective purchasers.
No figures or information is released before the appropriate confidentiality forms are signed by the prospective buyer.
The sale of your chiropractic clinic will remain confidential to discourage any loss of clientel.
|
| Event Posts |
No Upcoming Events
|
|
| About Dr. Tim Cartwright & Professional Practice Sales |
 Century 21 / Allstar Professional Practice Sales is a company specializing in chiropractic practice sales and practice valuations. Dr. Tim Cartwright is starting his 30th year in practice, he is a licensed Realtor®, and director of Century 21 / Allstar Professional Practice Sales. This Michigan based company is a Chiropractic Marketing and Sales Organization serving Michigan Chiropractors.
Through practice valuations and a personal visit to your practice, a successful sale and transition period is accomplished.
Dr. Cartwright has owned and operated 3 successful practices in Michigan and managed 25 associate doctors. He has negotiated and transacted deals for years with many financial institutions, accountants, and attorneys, and is a member of the Michigan Business Brokers Association.
These qualifications speak for themselves and give Dr. Cartwright the ability to negotiate terms, conditions, and prices with buyers and sellers. It has become increasingly critical in the Michigan law maker's eyes to have a professional with a background and insight like Dr. Tim Cartwright facilitate these transactions.
It is my comment to ever clients, buying or selling, to serve them in a professional and timely matter.
My goal is to personally visit and complete a valuation of the business and/or property. Then develop the marketing and advertising strategies, pre-qualify prospective purchasers, receive offers, coordinate legal and accounting services and negotiate a successful sale on behalf of my clients.
|
| Image Gallery: Chiropractic Practices for Sales |
 |
Grandville,MI
Practice established 1994. Located in smaller town of 16,500 with drawing area 75,000. Patient base of general insurance, medicare, cash. New patients are by referral 50% and 50% adversting. Located in professional suites with 1550 sq ft. Resonable rent and very well designed and decorated. Average 125 patients weekly. Good new patient average monthly.
This practice has great potential for the right doctor to earn a very high income |
|
 |
Madison Heights Perfectly Maintained Practice, 2, 350 sq. ft.
Well established practice of 31 year. Located in high volume professional center 2,350 sq. ft. unit with lower level. Perfectly maintained. Thousands of patient files and accounts receivable included. |
|
 |
Belleville, MI
Busy practice since 1980 in one of the fastest growing communities. 2,700 sq.ft. Located on the main highway in a new shopping district in Belleville. Good signage and ample parking. Chiropractor/population ratio excellent. Office is smartly designed for large volume practice. All equipment is in good condition, doctor is moving south and ready to negotiate. |
|
 |
Dearborn HTS, MI: !!!PRICE REDUCED!!!
Chiropractic location for 25 years. Attractive proffessional building, approx. 1200 sq. ft. Approx rent per month $1350.00. Diversified, Thompson, Activator techiniques. Case average 1,500-2,000. Ample parking, good signage located on a well traveled highway. Doctor looking foreward to working with a new doctor for a smooth transition. Including equipment A.R. negotia |
|
 |
Burton, Mi
Incredibly busy office with big gross! 30000 sq. ft located in an professional plaza. Office is designed for large volume practice seeing 300-400 visits per week. Multiple community programs for new patients. State of the art equipment and procedures. If your looking to be at the top of chiropractic call for a showing today.
Practice only |
|
 |
Big Rapids, MI
Practice established in 1960, current doctor practicing since 1987. Chiropractic office located in attractive professional building just under 1,000 sq. ft. Reasonable rent at $1113.00 per month. Smaller town with population of 12,000 with drawing area of 30,000. Only 6 chiropractors in drawing area.
Mostly referral based practice, average age of equipment 8 years old. This practice is perfect for you if “small town” Grand Rapids is right for you |
|
 |
Kalkaska, MI
Practice: Doctor has been part of the community for 30 years. Great referral practice. Practice is Diversified and Actuator. Smaller town with a good patient/chiroprator ratio. Doctor is willing to stay and assist in a smooth transition.
Real Estate: Great location in the center of the business district in Kalkaska. Office is 1924 Sq. Ft. Office has an income producing apartment that is 837 sq. ft. Rent is $500/month. Great signage with ample parking. This office is perfect for the doctor looking for a northern lifestyle |
|
 |
Flint, MI !!!PRICE REDUCED!!!
Practice: ESTABLISHED 1966. EXCELLENT REPUTATION IN COMMUNITY FOR 41 YEARS. FULL SPINE, GONSTEAD, ACTIVATOR TECHNIQUES. DOCTOR WILLING TO STAY FOR TRANSITION PERIOD. 95% REFERRAL PRACTICE LOW OVER HEAD. PRACTICE MOSTLY INSURANCE 90%.
Real Estate: GREAT LOCATION IN COMMERCIAL AREA. CLINIC APPROXIMATELY 1800 SQ FT. INCOME RENTAL NEXT DOOR APPROXIMATELY 800 SQ FT GOOD SIGNAGE WITH LARGE PARKING LOT. THIS OFFICE IS A FIXTURE IN THE COMMUNITY |
|
 |
Westland, Michigan.
Chiropractic office for 45 years. Approximately 1500 sq ft which includes waiting room, reception area, two adjustment rooms, private office, x-ray room and bathroom. Upstairs for storage or additional space. Full basement and ample parking. Located on busy Wayne Road with good signage. Practice is included with sale of the building and the phone number staying with building. |
|
 |
Adrian Michigan
Lifestyle in Adrian is a full service ladies only fitness center. This fitness center has 6,480 sq. ft The current active members at this location is 1500 and has been operating for 7 1/2 years.. |
|
 |
Bowling Green, Ohio
Lifestyles in Bowling Green, Ohio is a full service fitness center for Ladies only. This fitness center features 7,796 sq ft with 170 active members. This club has been operating for 4 years. |
|
 |
Monroe, Michigan
The largest of the three Lifestyle for Ladies with 12,600 sq. ft. This fitness center has 1900 active members in the same location for 12 years. This is the only full service "ladies only" fitness center in Monroe. |
|
 |
Dearborn, MI
WELL DESIGNED 1,200 SQ FT OFFICE. AMPLE PARKING, GREAT SIGNAGE ON VERY BUSY TELEGRAPH, RD IN DEARBORN. FULLY EQUIPPED OFFICE WITH TWO ADJUSTMENT ROOMS, X-RAY ROOM, PRIVATE OFFICE, EXAM ROOM, RECEPTION AREA AND WAITING ROOM. BUILDING COMPLETELY REMOLDED A FEW YEARS AGO. |
|
 |
Grand Rapids, MI .
OFFICE:
Recently remodeled chiropractic office in 2006. Living space available also remodeled 5 years ago. Well designed clinic for larger volume practice. Approximately 1,630 sq ft which includes living area. Ample parking with very attractive signage. Perfect opportunity for a doctor to keep overhead down for a couple of years and then expand into addition office space.
PRACTICE:
A chiropractic location for 40 years. This practice has been consist higher income producer. Well known in the community with a large patient base and excellent reputation through out the years. |
|
 |
Taylor, MI
PRACTICE:
Successful thirty plus year practice. High grossing practice. Densely populated suburb. Diversified and full spine. Great reputation in community as a wellness and injury practice. All equipment excellent condition and recently purchased.
OFFICE REAL-ESTATE:
Professional office complex. Great parking area with huge signage. Office visible to thousands of cars per day. All units recently updated and well maintained. Great income producing property. |
|
 |
Wyandotte, MI
PRACTICE ESTABLISHED 1987, HOME – OFFICE. PERFECT SETTING FOR DOCTOR THAT DESIRES WORKING CLOSE TO HOME. TWO ADJUSTMENT ROOMS, X-RAY ROOM, PRIVATE OFFICE, RECEPTION AREA AND WAITING ROOM. OFFICE AREA APPROXIMATELY 1,500 SQ FT LOWER LEVEL. GOOD PARKING, EXCELLENT SIGNAGE, CORNER LOCATION ON BUSY 4 WAY STOP.
REAL ESTATE:
VICTORIAN HOME - OFFICE BUILT IN 1874. APPROXIMATELY 1,500 sq. ft. UPPER LEVEL HAS FOUR BEDROOMS. HISTORIC HOME BEAUTIFULLY DECORATED AND WELL DESIGNED CHIROPRACTIC OFFICE. |
|
 |
SOLD!!!
1,100 sq ft facility, in explosive growth area.
Solid busy practice. Country living with easy commute to Detroit, Brighton, Flint. Reasonable rent $1150. per month 1,100 sq. ft. Explosive growth in area. 800 new homes underway in town of 6,000. Ready to negotiate. No abstract available. |
|
 |
SOLD!! Farmington Hills, MI
Premier chiropractic office since 1981. Excellent location in professional building with large parking area anmd very attractive signage. Has been one of the busiest offices in the area for years. 8-10 chiropractors in the area, drawing from a population of 75,000. Techniques include Activator, Gonstead, and HIO. All equipment has been well maintaned. 4 Thompson 440 tables, 1 Zenith 220, and much more! Doctor is moving to Florida, and ready to stay through a smooth transition for the new doctor. Approx. 3,500 sq. ft. Waiting room capacity: 30 |
|
 |
SOLD!! Cedar, (North West Michigan)
Cedar Chrirporactic Center, NW of Traverse City. 21-Year successful practice with 400-500 visits per month. Professionally designed clinic with 2,040 sq. ft. Beautifully decorated! Great location with large sign and great parking! 780 sq.ft. rental home included! PRICE REDUCED! |
|
 |
SOLD!!! Shelby Twp. MI
Chiropractic location for 32 years. Present chiropractor 20 years. Well know in community highly respected. 1,660 Sq. Ft. With low overhead. Great location, easy access to clinic with huge parking area. Nicely decorated in one of the most desirable areas. |
|
 |
SOLD!!
2,000 sq. ft. practice with great location
40 year practice and great location in small shopping center on corner. Approx. 2000 sq. ft. well designed office with large parking lot. Clinic is easily accessible.
No abstract available |
|
 |
Adrian, MI
SOLD!!
Successful practice established in 1982. Solid referral base practice in a town of 27,000 with a population drawing area of 100,000. Well equipped office in newer strip mall with great parking. Well designed office of 1,600 square feet. Reasonable rent at $1,600 per month |
|
 |
South Lyon MI
Well estabished 17 year practice. Located in small town north of Ann Arbor and east of Brighton. Fast growing rural community. 1,100 sq ft reasonable rent, nicely decorated. Low overhead and well equiped office.
This small practice is perfect for any Doctor wanting to grow. 90% general insurance with very little adversting expense. Call now this practice will sell quickly. |
|
 |
Saint Clair Shores,MI
Premier Chiropractic office since 1982. Excellent location in a professional building approximately 2,400 sq ft with a large parking lot area. Very attractive signage. One of the best office locations in the area for years. Surrounding drawing area of over 75,000 population. Palmer graduate with Diversified Techniques, Thompson, Cox and Zenith tables. universal 300/125 x-ray machine and dark rooms. Doctor is willing to stay through a smooth transition for the new doctor.
Practice & Real Estate |
|
|
| Published Article |
How much is your practice worth?
There are many reasons a Doctor of Chiropractic would consider selling his or her practice. The most common reason you would think would be retirement. Oddly enough retirement is only one among many decisions doctors are making to sell their practices. Relocation, changing careers, retirement, instructing at a college, and health, are just some factors doctors choose to make a change.
If you're like me, you may think, where do I start? Should I call Re Max or Red Carpet Real Estate Company? My first thought is they do not know the first thing about a chiropractic practice. How could they convey to the new doctor what makes a smooth transition. What is each patient worth? Do our techniques match? You have taken care of friends, families, etc for years and want someone to follow in your footsteps with the same care. Finding a doctor with a similar technique, personality, skills, and commitment are important in the stability of your transition and continued success of the practice.
So how do you value your practice? Is it a percentage of one years net, two times the last three months gross, etc. The fact is there are many different formulas. Of course, everyone wants the highest price possible for all of the dedication, blood, sweat, and tears you have put into your practice.
Chiropractic practices have a range, usually a percentage of the last year's gross. The percentage has a direct relationship with the following items; case average, number of new patients, location, type of practice, family or acute care, advertising, number of active patients and the list goes on. All these items help determine the value of an active practice.
Accounts receivable have a range, which is a percentage, calculated on the past pattern of payment from insurances, personal injury, cash, workman's comp, etc. Accounts receivable, like the practice, are always negotiable between the buyer and seller. Equipment has a value as well. Market value is typically the best way to price your equipment, using age, condition, and type as guidelines.
The next step to consider; Do I want the stress and financial burden to advertise, make calls and negotiate my own sale? Most doctors want to take care of patients. You can promote yourselves and teach patients about chiropractic, but usually you are too close to your staff and patients to handle the stress of the sale. You may choose to keep the transaction confidential until the close of the sale. This can be a very emotional time.
Your practice broker should have a good knowledge of a chiropractic practice. They should be unemotional and negotiate your sale to bring you top dollar for your years of service. Not all practice brokers have a real estate license. The importance here is the ability to tie the business and building together if desired. This can be attractive to some doctors that want to cash out for various reasons.
So, part of the process of selling is selecting the right company to remove the stress from you, help you maintain your practice through this period and negotiate while you continue to do what you know best-Chiropractic.
As a chiropractor of 30 years and one who has sold a practice, I understand the emotions that transpire when selling. It is critical to have a negotiator.
One last thing, after the transition period, I believe the new doctor should be slow to change systems, prices, technique, staff or even décor. The selling doctor must convey total trust and confidence to the patients of the new doctor. As the seller, your cooperation during this period will be a major factor in the continued success of your past practice. Be a positive influence to the new doctor, they will appreciate your efforts.
|
|
Program and Design by Computer Works of Monroe, Inc.
