Financed Pediatric Practice St. Petersburg Florida

Relocatable, FL
Pinellas County

Asking Price: Annual Revenue:
$325,000 $1,057,124

Services: Medical, Dental

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RE: Financed Pediatric Practice St. Petersburg Florida Broker: Roberta Caputo
Owner Financing is Available!
$65,000 down @ 7% over 5 years. Monthly payment $5,148.31.

Quick Facts

Asking Price: $325,000
Annual Revenue: $1,057,124
Net Profit: Not Disclosed
Cash Flow: $95,082
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 7
BBN Listing #: 2876344
Broker Reference #: 3590

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Business Overview:

Very reputable and establish Pediatric practice located in St.Petersburg, Florida dedicated to providing the highest standards of pediatric care for children from birth through college. Practice has 2 NP's that account for 70%+ of the collections with the doctor working part-time 2 half days a week on Tuesday & Friday. Dip in cash-flow 2017 and 2018 due to the fact an Insurance company sold to another dropping doctors with little warning (1-2/months) losing a number of patients. Practice has recovered very nicely since then and looking at an annualized cash-flow (2019) over $250,000 because the company that bought other is now credentialing the doc to contract with them again. Wonderful opportunity to own your own practice with great staff in place and seller financed.

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Property Features and Assets:

3,271 square feet. Office Suite - $5,235/month. Lease thru 4/30/2024 Relocatable.

Market Competition and Expansion:

Other private pediatric offices in St. Petersburg and a pediatric hospital without competition issues. Very positive growth with newly added Insurance company and a working doctor that takes over the practice working more hours.

Reason for Selling:

Seller wants to spend more time with children and sell.

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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