A level-payment calculator: amount, annual rate and term in months. Build the amount from goodwill, equipment and working cash, leave out the building, and enter the term in months.
A business acquisition finance worksheet for a Hamilton County, IN chiropractic office purchase
Give the calculator on this page an amount, an annual rate and a term in months, and it returns one level monthly payment. For a chiropractic office purchase, as for other clinics and firms that change hands, the amount is not simply the agreed price, so it helps to build it up first:
| Part of the purchase | Amount | Note |
|---|---|---|
| Goodwill | $146,000 | Patient list, name and phone number |
| Treatment tables and X-ray equipment | $48,500 | Listed in the purchase agreement |
| Working cash | $17,500 | About six weeks of payroll |
| Amount to enter | $212,000 | The building is not included |
At 10.35%, the same $212,000 gives very different monthly figures depending on the term:
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 84 months | $3,557.91 | $298,864.44 | $86,864.44 |
| 120 months | $2,842.85 | $341,142.00 | $129,142.00 |
Small business acquisition loan payments for a Hamilton County, IN quick-service restaurant changing owners
Illustration only, invented figures: a manager buys the Hamilton County, IN quick-service restaurant she runs for $163,800, covering the kitchen equipment, the restaurant name and the working cash, with the lease of the building assigned separately. At 11.05%, two terms compare like this:
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 60 months | $3,565.49 | $213,929.40 | $50,129.40 |
| 84 months | $2,808.96 | $235,952.64 | $72,152.64 |
A restaurant buyer can enter the amount, the rate from any offer and each term into the calculator; the two rows above show how far the monthly figure moves between the shorter and the longer schedule.
Business acquisition loan payment math for a Hamilton County, IN home builder sold by its founder
Illustration only, invented figures: a superintendent buys the Hamilton County, IN home building business its founder is leaving, paying $88,900 for the equipment, the trade name and the work already contracted. Spread across 72 months at 10.7%, that comes to $1,678.50 monthly: $120,852.00 over the life of the loan, with $31,952.00 going to interest.
Two things the calculator does not show: a payment schedule with a lump sum at the end, and a seller who takes part of the price later. Both change the math, and both are worked out by hand with whoever offers them. The calculator only covers the level-payment case. Term loans for purchases are explained on the business term loan page, and the resources page adds a business plan outline for an associate buy-in and a documents checklist for a law office credit line.
Spread across 96 months at 10.7% instead, the same $88,900 comes to $1,382.13 monthly and $43,784.48 of interest: $296.37 less each month than the 72-month figure, and $11,832.48 more interest (our arithmetic). Any other term can be tried in the months box.
Massage tables at a Hamilton County, IN therapy office: equipment loan payments on the same calculator
The same calculator handles a plain equipment loan. Illustration only, invented figures: a Hamilton County, IN therapy office replaces six massage tables for $14,220. At 11.85% for 36 months, the tables come to $471.29 a month, with $2,746.44 of interest along the way. A down payment is not an input here: subtract it from the price before entering the amount.
Therapy and chiropractic offices fall in a Census group that is large in the county: Hamilton County, IN had 374 offices of other health practitioners with a payroll in 2023 (County Business Patterns, NAICS 6213). For leases and buyout options on tables like these, see equipment financing.
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