Interventional Pain Management Practice

Collier County, FL

Seller Financing Available
Interventional Pain Management Practice
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Asking Price: $2,100,000

Cash Flow: $703,268

Gross Revenue: $1,830,993

EBITDA: N/A

FF&E: $139,681

Inventory: $5,000

Rent: $7,500 /Month

Established: 1996

Interventional Pain Management Practice

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Business Description

Tremendous Growth Potential in Pain Management

This Pain management practice has been run by the same two Anesthesiologists for 23 years.  With ample space to grow and a consistent stream of referrals the business only needs to add more practitioners to double or triple its annual volume.  The business is referral-only and they do not accept any direct patients who call or walk in.  Even so, this practice turns down more patients than it accepts and has been very selective when taking insurance.  Currently, they do not take any medicare patients since there are more than enough patients who are referred with Cadillac plans.

Detailed Information

Location:
Collier County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,800
Lease Expiration:
1/24/2020
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This leased office is located in the same medical office building for decades and they have additional, unused space including a fully equipped Physical Therapy space within the office. A new long term lease is available.
Competition:
There are 4-5 other Pain management groups in the area but none have been in town for as long this one.
Growth & Expansion:
The doctors have chosen to manage their work levels to the current level of business due to their age and lifestyle. Just accepting Medicare and more types of insurance will double the business assuming more PA's were hired.
Financing:
Seller will consider a small note for the right deal
Support & Training:
One of the doctors will remain on board for a couple of more years. The other will stay on for at least 6 months to help train his successor. There is a young, experienced Anesthesiologist that has expressed interest in coming on board as a junior partner and manager of this office.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Joe Alter

Business Listed By:
Joe Alter

Sunbelt Business Brokers of Naples and Ft. Myers

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