Seller's Contact Information
- RE: Neurology Practice For Sale
- Contact: Andy Fischer
Quick Facts
Asking Price: | $950,000 | |
Annual Revenue: | $882,141 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $283,976 | |
Total Debt: | Not Disclosed | |
FF&E: | 60,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1984 | |
Employees: | 6 | |
BBN Listing #: | 24384955 | |
Broker Reference #: | 1040-16005 |
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. Opportunities to grow by doing consultations in a hospital across the street and adding a sleep lab.
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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 homebased business opportunity.
- This is not a franchise resale opportunity
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