Business Overview:
PRICE REDUCED! Fantastic opportunity for an MD or DO to grow a gorgeous, 3 year old family medicine practice at a fantastic value! Over $185,000 has been spent on creating a beautiful and highly effective office from new construction. Everything is top grade, including all leasehold improvements, furnishings, powered exam tables, computers and equipment. Current owner is a solo Family Medicine doctor who provides primary care for patients ages 14 and above. Most patients are adults under age 65. Practice currently accepts only PPO insurance and 5-10% of patients are cash pay. (No Medicare assignment and no HMO contracts). Referrals are from PPO plans, personal referrals from existing patients, positive internet reviews, and from other local physicians. This special patient population is fairly affluent, more health-conscious than average, and a pleasure to work with. The patient-base of approximately 1,500 is growing quickly as the current owner usually sees 2 to 3 new patients per day. Electronic medical records on top-rated , federally approved EMR software
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:
Newly constructed in 2007, the offices are modern, aesthetically pleasing, and have been carefully designed for efficiency and the comfort of patients and doctor alike. Space includes: Large waiting room, tastefully decorated and with views to the mountains. Large reception hub that seats 2-3 staff. Doctor’s consult office that comfortably seats two doctors. Three exam rooms. Large break room that could be easily adapted to be 4th exam room or procedure room. Nurses station with 2 desk spaces next to exam rooms. Lab room and adjacent ADA restroom are within the office. Plumbing/sinks and Cat-6 cable throughout. 1,450 square feet. Optimally situated close to hospital, freeway, bus and train. Patient parking is free and plentiful. Ten year lease expires June 2017. Approximately $5,000 per month. Additional 5 year lease option is available.
Market Competition and Expansion:
This practice is on a growth trajectory despite the recession. If the same insurance contracts were maintained and the patient retention continues, seller expects that the practice will continue to grow and mature into a full patient panel. Other growth strategies ideas might include the addition of HMO and Medicare patients, adding a second physician, and/or expanding the patient base to include ages 13 and under.
Reason for Selling:
Seller needs to attend to personal obligations.
Additional Details:
- The property is leased.
- 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.