Neurology Practice for Sale

Not Disclosed, FL
Broward County


Asking Price: Annual Revenue:
$1,400,000 $1,268,969

Services: Medical, Dental


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RE: Neurology Practice for Sale Broker: Andy Fischer

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $1,268,969
Net Profit: Not Disclosed
Cash Flow: $635,790
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 6
BBN Listing #: 60834955
Broker Reference #: 1040-16005

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Business Overview:

Very successful neurological practice operating in the same area since 1984, with a wide base of referrals. The owner has decided to retire in the next few years. Location is excellent near a major hospital. The doctor is affiliated with five major hospitals. The practice has a fully equipped Electrophysiological Diagnostic Department for Electroencephalography (EEG) and Electromyography/Nerve Conduction Studies (EMG/NCS). An EMR system was implemented since 2008. Excellent and loyal staff. Numbers assume that Buyer is a neurologist, however a non-MD owner could hire a neurologist and manage and promote the practice.

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Property Features and Assets:

The location of the practice is excellent. The practice is located across a major hospital in Broward County. The facilities are very convenient, there is ample parking space. The parking is free. The office has 3,500 square feet. Assets= $110,000

Market Competition and Expansion:

There is one competitor in the area, however it does not constitute any issue to this practice. A new owner with more energy should increase the volume of the practice. Also bringing a new neurologist is a possibility to increase the volume.

Reason for Selling:

Retirement.

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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