Pediatric Practice with Great Growth Opportunity

Montgomery County, MD

Pediatric Practice with Great Growth Opportunity

Asking Price:$120,000

Cash Flow:$115,000

Gross Revenue:$225,000





Pediatric Practice with Great Growth Opportunity

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Business Description

This mature pediatric and adolescent medicine practice has been operating for almost 30 years. It is a solo practice located in a growing suburban town in Maryland. The practice has contracts with 20 insurance carriers including all major carriers. There are 700 active patients and there is a tremendous growth potential. The practice has a web page and the billing and front office are managed electronically. The patient base is diverse and about 25% are using state assisted programs. There are four part time employees: two front desk personnel, 1 administrator and 1 biller. Practice hours are 9 – 5 Monday, Wednesday and Friday and 9 – 12:30 on Tuesday and Thursday.

Detailed Information

There is 1000 square feet of space with 3 exam rooms.
Growth & Expansion:
By simply increasing the office hours, the practice could grow dramatically within the first year. Additional marketing and hiring a nurse practitioner are other ways to easily grow the practice.
Support & Training:
The owner is willing to stay on for up to one year to provide a smooth transition.
Reason for Selling:
After a smooth transition, the owner is planning on retiring.

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Brian MacMillan

Business Listed By:
Brian MacMillan

BWFA Business Services

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