Internal Medicine Practice

King County, WA

Seller Financing Available
Internal Medicine Practice
Contact Seller

Asking Price: $1,900,000

Cash Flow: $758,729

Gross Revenue: $1,712,170

EBITDA: $451,175

FF&E: $614,866

Inventory: N/A

Rent: $8,585 /Month

Established: 1998

Internal Medicine Practice

Save Print Share Valuation Report

Business Description

Well established Internal Medicine Practice available for sale.

Medical practice is poised for tremendous growth, located in a highly populated suburb of Seattle, WA. The metro population of Tacoma-Seattle-Eastside corridor is one of the fastest growing areas in the country. The practice was established in 1998, and revenue growth has been steady.

It is ideally located in a densely populated neighborhood of homes, apartment buildings and condos. The practice has added several ancillary services; that were previously sent out to other facilities. The result has been a substantial increase in the company profit margins and revenue per patient.
.

Detailed Information

Location:
King County, WA
Real Estate:
Leased
Building SF:
3,434
Lease Expiration:
12/31/2029
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All medical equipment, furniture, and office equipment is included in the sale. The practice has a 10-year lease in place.
Competition:
The clinic is located within a large, high density residential area of a major city. King County, Washington is expected to grow by 10%-12% annually for the next several years, due to rapid increase in employment. Several Fortune 500 companies reside here including: Amazon, Microsoft, Starbucks, Costco, Paccar, Nordstrom. Several other notable companies like Facebook, Google, Boeing also have a large presence.
Growth & Expansion:
The practice has several revenue streams that it added; that are highly profitable. In addition, the current owner has yet to add one of the area's largest insurance carriers. Adding this insurer would dramatically increase revenue; as it has 30% of the market in King County.
Financing:
Seller will consider owner financing up to 1/3 of the purchase price.
Support & Training:
Current physician/owner is retiring. He will be available for support and training on a consulting basis.
Reason for Selling:
Owner/Physician is retiring.
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Mark LaCasse

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock

Real Estate Insights

Unlock

Metro Area Scores

Unlock


Ad#:1591620 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Retro Fitness

Franchise Opportunity
Capital Required: $941,350