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 a homebased business opportunity.
- This is not a franchise resale opportunity.
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