Internal Medicine Practice

King County, WA

Seller Financing Available
Internal Medicine Practice
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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

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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

King County, WA
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
All medical equipment, furniture, and office equipment is included in the sale. The practice has a 10-year lease in place.
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.
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.
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Business Listed By:
Mark LaCasse

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