Primary Care Medical Practice in Shrewsbury Mass

Shrewsbury, MA
Worcester County


Asking Price: Annual Revenue:
$2,250,000 $1,894,387

Services: Medical, Dental


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RE: Primary Care Medical Practice in Shrewsbury Mass Broker: Patrick Gagliardi

Quick Facts

Asking Price: $2,250,000
Annual Revenue: $1,894,387
Net Profit: Not Disclosed
Cash Flow: $1,536,177
Total Debt: Not Disclosed
FF&E: $92,476
Real Estate: Not Disclosed
Year Established: 2001
Employees: 7
BBN Listing #: 1611344
Broker Reference #: 3707

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Business Overview:

This 20 year-old medical practice focuses on Primary Care/Internal Medicine. Very profitable, well-established and highly efficient with top ranking in comparison to the national benchmark. This practice provides exceptional medical services. The 2020 revenue is projected to beat 2019's despite the ongoing COVID-19 crisis. The practice has 3100+ active patients and continues to grow, adding 30-35 new patients each month. Most of the patients are professionals, ages 25-60, with lucrative private insurance plans. Well-trained, dedicated support staff including a Nurse Practitioner, seeing 45-50% of the practice's patients, will stay on with the new MD. Seller will provide transition assistance to the buyer. All billing is done in-house and practice accepts mostly private insurances. This is a one-of-a-kind medical practice with low overhead and high profitability.

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Property Features and Assets:

Professional Building.

Market Competition and Expansion:

Primary Care Doctors are the first line of defense against health ailments. These Doctors are viewed as preventive care providers. This office has a long tenure in this location with trained staff, low overhead and exceptionally high margins. The industry for Primary Care Doctors is expected to experience a slight increase in demand due to an increasingly insured population. Current trends are expected to accelerate over the five year period to 2025 as an aging population drives demand for primary care doctors. This Practice is has 30-35 new patients each month.

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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