Business for Sale Overview:
This busy and profitable medical practice has been operating successfully for over 20 years and offers its patients traditional primary care, internal medicine services & diagnostics, and other special services. The doctor has not been accepting new patients due to health and personal time devoted to family, and, considering this practice has grown almost entirely by referrals and work of mouth (great reputation), an energetic and motivated doctor should find ample room to grow the practice appreciably. The practice has several thousand patients. The income for 2008 reflects a reduction in the physician’s time in the practice. Prior years were over $800,000 in revenue, with a net cash flow exceeding $500,000. This level can easily be regained or exceeded with an active and energetic physician. This highly profitable practice generates a net income to the owner/physician between 50% - 65%, depending on how it is managed. The practice accepts most HMO and PPO insurance plans. Collections exceed 75%. This is a great opportunity for a physician who is looking to expand their practice or for a physician that would like a change of pace in a smaller stable community. The owner/physician is motivated to sell and will entertain a mutually beneficial purchase/sale.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Excellent location in captive market. Well maintained 3,000 square feet plus facility situated on ½ acre plus lot in upscale neighborhood, with ample parking with convenient access.
Market Competition and Expansion:
The practice has been built on referrals and word of mouth over many years, and they have established a very good reputation. They have done very little advertising. The doctor has slowed the business down by not accepting new patients, and is not seeing as many patients as in previous years. Considering these factors, a new hospital in their market, and very limited competition, there is abundant opportunity to grow this business.
Reason for Selling:
Health issues, and needs to move to accommodate fa
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.