Business For Sale

Pediatric Medical Practice In Panama City, FL

Panama City, FL
Bay County

Asking Price: Annual Revenue:
$339,500 $592,322

Services: Medical, Dental

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RE: Pediatric Medical Practice In Panama City, FL Broker: Patrick Gagliardi
Owner Financing is Available!
SBA Lending is available

Quick Facts

Asking Price: $339,500
Annual Revenue: $592,322
Net Profit: Not Disclosed
Cash Flow: $128,882
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 4
BBN Listing #: 1873344
Broker Reference #: 3252

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Business Overview:

One of the oldest and reputable pediatric practices in Panama City. Single provider in practice for 33 years while being affiliated with Gulf Coast Medical Center. Payor mix is about 70% commercial insurance, 20% Medicaid, 10% cash. Office has 4 exam rooms, staff of 4: office manager, LPN, MA, and receptionist. Billing done in house. Doctor will stay on post closing, if offered. Doctor owns building and will negotiate new lease. Owner benefit has been adjusted for rent.

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Property Features and Assets:

2,300 sq ft office with four exam rooms in a medical office building owned by the Dr. Doctor will execute new lease for the space.

Market Competition and Expansion:

This practice has been treating families spanning 3 generations from birth to age 21 in the same area for 33 years. Doctor has not been actively seeking to grow the practice with an eye on retirement.

Reason for Selling:

Retiring physician looking for an exit strategy.

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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