Midtown Manhattan Internal Medical Practice

New York, NY
New York County


Asking Price: Annual Revenue:
$100,000 $214,000

Services: Medical, Dental


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RE: Midtown Manhattan Internal Medical Practice Broker: Bob Dunphy
Owner Financing is Available!
$20,000.00

Quick Facts

Asking Price: $100,000
Annual Revenue: $214,000
Net Profit: Not Disclosed
Cash Flow: $61,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 2
BBN Listing #: 61635879
Broker Reference #: 6842-212309

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Business Overview:

This well-respected internal medicine practice in midtown Manhattan is a great opportunity to own your own practice. It is currently operated part-time by an experienced and highly-respected doctor who wishes to retire but will stay on with the new owner to aid in the transition and transfer of patients. The office is approximately 1,800 square feet and is shared with another doctor with a complementary specialty. Rent and other office expenses are shared as well. All medical records are electronic and HIPAA compliant. Staff includes a full-time office manager/receptionist and a part-time assistant. Furniture, fixtures, equipment and interior are in excellent condition. The doctor has been honored by Castle Connolly, U.S. News & World Reports, Super Doctors, New York Magazine and Leading Physicians of the World.

Office Hours: Monday - Friday 8:00AM to 4:30PM

Strengths / Opportunities
Strengths: Very strong, award-winning reputation for excellence in the field. High-traffic midtown location.
Opportunities: Extend office hours. Add second doctor.

Lease: Approximately 1,800 square feet. Three years remain on the 10-year lease. Share of rent is $4,700/month plus real estate taxes and common area charges.

The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers' desire to retire. Owner is willing to stay on during a reasonable transition. Asking price is $100,000.

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Reason for Selling:

Retiring

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.

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