I am expanding a thriving wellness based chiropractic office that will include medical aesthetics.
Attention potential investors.
My name is Dr. Darren Mollo; sole owner and operator of In Motion Chiropractic, P.C. We are a chiropractic practice located and practicing in Brooklyn since 2014. We have grown out of the usable shared space in our current location on Flatbush and are looking to relocate to a larger space, approx. 1700 sqft within 1-2 miles on Ave N. We will be in control of subleasing space to a doctor practicing in aesthetics and cosmetic treatments. We are looking for a loan of 100,000.00 at 7% interest for 84 months.
We gross monthly, on average, 14-15000. We do collect 20% more, however we currently are paying 20% of our gross daily collections to Square Payments for a loan of 24100 issued in December of 2022. We have paid 34% back on this note. This is our 5th round of lending with Square payments in this manner. History is as follows:
· 4,000 from Nov 2020 to May 2021
· 7750 from May2021 to Oct 2021
· 12500 from Oct 2021 to May 2022
· 15500 from June 2022 to Dec 2022
Our average total patient visits for the month is 450-500. March 2023 was our highest grossing month with 18,000.00 in gross collections. Our average patient visit is approximately 39.00. In addition to providing chiropractic treatment, we cast and sell orthotics. Our cost is 175.00. We sell them for 250.00. We sell full spectrum CBD pain relieving oil. We are licensed in NYS to offer it. We purchase a 2oz bottle for 21.00 and sell for 45.00.
The majority of our referrals come from social media (Tiktok, Instagram, Facebook). We average 70 patients a month from all sources, including internal referrals, Zocdoc, and our website. Our budget is 2500-3000 per month in Social Media advertising and our cost to acquire a new patient via social media is 9.75.
The use of the 100,000.00 will be for the following:
· X-ray equipment (looking for pre-owned)
· Traction table (6000.00 approx)
· 2 Stationary treatment tables (500-1000 each approx.)
· Additional muscle stimulation unit (1000.00)
· 2 desks
· Miscellaneous supplies
· Increase marketing budget to 4000/ month
· Cover the increase in rent during growth from increased marketing effort
I can be reached at 631-560-1105. My email is
[email protected]. I am looking forward to a business opportunity with you.
Dr. Darren Mollo
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