Business For Sale

Primary Care/Internal Medicine Practice

Wilmington, NC
New Hanover County

Close to New Hanover Regional Medical Center


Asking Price: Annual Revenue:
$785,000 $395,000

Services: Medical, Dental


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RE: Primary Care/Internal Medicine Practice Broker: Elizabeth Johnson

Quick Facts

Asking Price: $785,000
Annual Revenue: $395,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $510,000
Year Established: 1998
Employees: 3
BBN Listing #: 129756973
Broker Reference #: Not Disclosed

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Business Overview:

Well-Established (23 years), Primary Care-Internal Medicine Practice with a special interest in Women’s Health, Medical Nutrition, and Health Promotion in Wilmington, N.C. that is PCMH-NCQA Certified thru 2019 with an IM Physician and Physician Assistant is now available. The Practice is comprised of a very low Medicare population (<16%), with predominantly BC/BS, United Health Care, Aetna, Humana, Cigna, Medcost and a growing fee-for-service population with ZERO Medicaid. Practice offering also includes a Class A Medical Office Building built in 1998 (2852 square feet) in a beautiful Medical Office Park close to New Hanover Regional Medical Center and the Wilmington Medical community.


Physician will assist with the transition and will help with minimizing attrition, to provide continuity, medical assistance, and a 3-4 month orientation while new credentialing takes place. Physician’s Assistant will continue to work for the new Practice owner indefinitely and will also assist with the transition. Superb, experienced Office-Practice Manager and Medical Assistant will also remain. Practice has an excellent reputation and responsible, loyal patients.


Real Estate & Practice Purchase Price: 785K.
Practice at 275K & Office Building at 510K.

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Property Features and Assets:

Strategically located near New Hanover Regional Medical Center in the heart of the medical practice area. Office has 5 Exam Rooms, 2 Consultation Offices, Nurse’s Office, Full Lab, Business area with an ample Reception/Lobby area. Office has 3 Restrooms and generous parking. Building is part of the Medical Park Condo Association- which is managed by the Condo’s Management Group- CEPCO who handles the all- inclusive exterior maintenance, lighting, landscaping, and trash disposal.

Reason for Selling:

Moving

Additional Details:

  • The property is owned.
  • 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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