Internal Medicine Practice for Sale

Bellingham, WA (Whatcom County)

Internal Medicine Practice for Sale
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Asking Price: $100,000

Cash Flow: $150,000

Gross Revenue: $420,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,000 /Month

Established: 2006

Internal Medicine Practice for Sale

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Business Description

Internal Medicine /Urgent Care Practice in upscale neighborhood

Internal medicine/Urgent Care practice in Bellingham, WA a spectacularly beautiful university town, nestled between Cascade Mountains and Puget Sound 2/3 way from Seattle to Vancouver, BC. The practice has averaged $537,000 collections over the past 5 years and has great potential to double the income as there has been rapid population growth and long wait time for new appointments for internal medical practices. Current physician looking to retire in August 2019 but willing to stay part time. Office could easily accommodate three providers. . Bellingham has abundant outdoor activities, the second highest per-capita arts organizations in the country, good public schools and a great place to live. Bellingham is ranked by Forbes as one of the “Top 25 Places to Retire,” and the second-most “Fitness-friendly cities” in America!

Detailed Information

Location:
Bellingham, WA
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
9/1/2019
Employees:
6
Facilities:
Office with 4 exam rooms, procedure room , business office , lab. Has room set up for x-ray with 240 volts and lead lined but no x-ray
Competition:
Currently the only independent private internal medicine practice in the county. There are a lot of people that are not happy with corporate medicine as practiced by Peacehealth and other large corporate practices.
Growth & Expansion:
Huge demand for Internal Medicine as Bellingham is a prime retirement destination for people fleeing high prices and traffic in Seattle.
Reason for Selling:
Retirement (after 44 years practicine medicine)
Business Website:
http://bellinghammedical.com
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Business Listed By:
Mitchell Kahn

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