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  • RE:  Interventional Cardiology Medical Clinic
  • Contact:  Mike Faust
  • License #: 00976329

Quick Facts

Asking Price: $1,600,000
Annual Revenue: $3,132,085
Net Profit: $768,874
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $1,000,000
Real Estate: Not Disclosed
Year Established: 1981
Employees: 11
BBN Listing #: 157763944
Broker Reference #: 253-22287

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Business Overview:

This medical practice was established over 40 years ago and has been at the current location for over five years. Specializing in Interventional Cardiology, the clinic has provided services for local hospitals and other practices for many years. Services include Clinical/Consultative Services, Invasive and Non-Invasive Procedures, Nuclear Imaging, PET, CT, MRI and Vein Care Services. The seller prefers to continue to work in the practice for an indefinite period of time. There are multiple other practices moving into the building. The seller says that these new neighbors should prove to be a good referral source for the clinic. In preparing for his retirement, the seller has released several associate practitioners and is no longer making hospital visits for lack of time. Some of these long-time relationships can likely be restored for a new practitioner at the clinic. Contact the listing broker immediately at (818) 810-4242 and take advantage of the great reputation of this well-established brand! For addition information, please contact Mike Faust at 818-810-4242 or mikef@fcbb.com 

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Property Features and Assets:

This is a leased location of 2,500 square feet requiring a new lease. Seller is active with 11 Full Time employees. Hours of operation are 12pm-5pm M/W, 10am-5pm T/TH, and 9am-5pm F. $45,941 in inventory and $1,000,000 in FF&E included in the asking price. $116,562 made in leasehold improvements. Medical Practitioner: Cardiologist license required.

Reason for Selling:

Approaching Retirement.

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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