Asking Price:

N/A

Gross Income:

$1,785,000

Cash Flow:

$507,000

FF&E:

$175,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1983

Employees:

20

Business Type:

Health, Medical & Dental

* included in the asking price

Business Description

Started in 1983, the primary service of the company is providing pediatric care from infancy to 21 years of age. The practice has an experienced staff of 20 providing weekday, evening, and weekend hours for patient convenience. The current owner recently invested approximately $200,000 in upgrading the medical offices which have 18 exam rooms. The practice areas of treatment are: Asthma, Acute and Chronic Illness, ADD and ADHD, Well Child Care, Behavioral Pediatrics, and Minor injury and trauma. The practice is ideally located to take advantage of the future increase in patients in the Baltimore/Washington Metro area due to the U.S. Armed Forces Base Realignment and Closure (BRAC). The company s competitive advantages include the deep and lasting relationships it has developed with its patients. Their reputation, highly skilled employees, quality of service, and brand awareness has allowed them to maintain those relationships. In addition, the practice has an excellent office manager and a team of highly skilled billing clerks that insure that services do not have to be down coded and the doctors can focus on providing care to the patients.

Detailed Information

Facilities:

Two recently renovated offices. One office that the owner is interested in selling along with the business is owned in a separate LLC and is 5,000 square feet. The other office is leased and is 1,800 square feet. The owner recently spent approximately $200,000 renovating both offices.

Competition:

There are several pediatric service providers in the area. The company's personal care for each patient, modern offices, convenient locations, extended hours, and excellent reputation ensure its continued growth.

Growth/Expansion:

Some of the possibiliites for additional growth are: 1) The client base will be growing due to the Base Realignment And Closure (BRAC) bringing more potential clients to the area. 2) Another office could be opened nearby. 3) Email marketing could be implemented. 4) Evening and weekend hours could be further expanded. 5) Another doctor could be hired. 6) An EKG machine and radiology could be added for addtional patient convenience as well as a new source of profit.

Financing:

Up to 100% financing is available for a qualified buyer.

Support/Training:

The owner is willing to stay for up to 5 years to provide a smooth transistion.

Reason Selling:

The owner is planning to retire.