Seller Financing Available

Asking Price:

$275,000

Gross Income:

$435,298

Cash Flow:

$148,000

FF&E:

$35,000.00 *

Inventory:

$20,000.00 *

Real Estate:

$400,000.00 **

Year Established:

1989

Employees:

2 ft/8 pt

Business Type:

Health, Medical & Dental

** not included in the asking price

* included in the asking price

Business Description

Family medical practice ideally located in a professional center near 2 major hospitals (one which is a teaching hospital) and surrounded by a mix of densely populated communities and upscale family neighborhoods. It is a turnkey business, with a fully trained staff of 8, including 2 medical assistants and 2 doctors. The office is a well laid out and appointed facility including 6 exam rooms. The great reputation of practice has been built over 22 years. Patient visitations average more than 400 per month. Many patients have been patients since birth. Majority of patients come from referrals by other patients plus referrals from other doctors. The active patient list is over 10,000 and includes families, children, adults, and seniors. Primary physician is retiring but will stay as an employee insuring a smooth and profitable transition. This practice has great potential to grow simply by opening more hours, hospital visits and senior centers.

Detailed Information

Facilities:

2300 Sq Ft with 6 exam rooms. Lease or purchase for additional cost.

Competition:

Well established.

Growth/Expansion:

Add a full time doctor and increase hours. Add hospital rounds and senior care.

Financing:

$175k down/$100k for 24 mos. @ 6%.

Support/Training:

Will train for 2 weeks @ no cost

Reason Selling:

Retirement.

Broker Information

Roger Murphy

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