Attractive Pediatric Practice

Baltimore, MD (Baltimore City County)

Seller Financing Available
Attractive Pediatric Practice

Asking Price:$1,250,000

Cash Flow:$637,000

Gross Revenue:$1,685,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1997

Attractive Pediatric Practice

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Business Description

This tremendous general pediatric practice was established 20 years ago. Since then, it has grown into one of the premier pediatric practices in the region where it provides service. Along with the owning physician, there are 6 other employees at the practice. Electronic billing is used in house. They see 40 – 50 patients per day and there are over 6000 active patients. The office is open 5 ½ days per week and is closed on Sunday. The current owner is planning for retirement in two years and wants to transition his patients to another great pediatrician. Several banks have expressed an interest in providing financing for this transaction.

Detailed Information

Inventory:
Included in asking price
Employees:
7
Facilities:
This pediatric practice is in great shape and children love the vibrant colors. The office consists of 3600 square feet of leased space. There are 4 fully equipped exam rooms, 1 testing room and a lab as well as an eat-in kitchen for staff.
Competition:
This pediatric practice is in a prime location and is one of the top practices in the area.
Growth & Expansion:
The practice has grown every year for the past five years. New patients continue to pour in from various referral sources to this great practice.
Financing:
The owner is willing to entertain varying financial and legal structures.
Support & Training:
The current pediatrician is flexible and is open to varying transition times depending on the buyers' goals. They are willing to provide amazing support and stay on for up to two years to provide a smooth transition.
Reason for Selling:
The owner is planning on retiring in three years after a smooth transition.

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Brian MacMillan

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Brian MacMillan

BWFA Business Services

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