Greenfield MO Medical Practice For Sale

Greenfield, MO
Dade County

Middle of Town


Asking Price: Annual Revenue:
$288,000 $403,161

Services: Medical, Dental


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RE: Greenfield MO Medical Practice For Sale Broker: Bret McGowne
Owner Financing is Available!
The seller will consider providing some financing if required by the SBA lender.

Quick Facts

Asking Price: $288,000
Annual Revenue: $403,161
Net Profit: Not Disclosed
Cash Flow: $144,558
Total Debt: Not Disclosed
FF&E: $33,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 838534791
Broker Reference #: 42500010

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Business Overview:

Highlights of Business
• The only independently operated medical clinic in town.
• SBA financing available, which means lower down payment requirements and longer terms.
• Business not open evenings or weekends

History of Business
The business began in 2005 as an independent, general practice medical clinic and operated until the passing of Dr. Bennett in December of 2020.

Hospital Affiliations and Insurance
The clinic operated independently of the major, local and regional hospitals. They accepted Medicare and Medicaid patients and accepted insurance from UHC, HUMANA, Aetna, and BCBS. Billing was done in-house using an EMR system, AdvanceMD.

Employees
The clinic owner was a GP in family practice. His staff generally consisted of five people; an RN, an MA, two receptionists and a Practice Manager. Neither the doctor nor his staff had any specialties.

Customers and Markets Served
The clients were primarily residents of Dade and surrounding counties. The clinic served approximately 100 patients a week.

Website
The company has a website. It is Greenfield-Medical-Center.business.site.

The Discretionary Earnings of the business for 2019, the last full year of operation, were $144,558. See The Definition of Discretionary Earnings below.

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Property Features and Assets:

The business was operated in a clinic that is approximately 2,798 square feet on approximately 3.9 acres and features a check-in office, patient reception area, five exam rooms and two executive offices. There are 3 bathrooms and two rooms dedicated to their x-ray machine and film processor. There is also an approximately 740 square feet storage barn/shed on the property. The real estate is available for sale through VR's sister company Professional Real Estate, LLC for $200,000, and will be sold with the business.

Market Competition and Expansion:

The primary competition is from the Dade County Family Medical Center which is a Citizens Memorial Health clinic that operates across the street. Dr. Malcolm B. Oliver has an office in Greenfield and is also a CMH representative. Dr. Bennett did little online marketing and advertising other than to have a web page and a Facebook page. There may be an opportunity to be more aggressive with online marketing and SEO efforts.

Reason for Selling:

Death of Owner/Practitioner.

Additional Details:

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

Documents:

Relevant Links:

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