This lucrative, well-established, 35-year old practice, has a 3-week wait for patients for appointments. The practice sees 35-40 patients per day or 170 patients per week. There are currently 5,000 patient records on file. Each of the two partners work 2.25 days a week. The practice, even with two physicians, is open only for 28 hours per week (Monday-Thursday they close at 4 pm and on Fridays at 1 pm). In summer months (between Memorial Day to Labor Day), the practice is closed on Fridays and so it operates only 24 hours per week in summer. There are plenty of growth opportunities for a younger buyer – by increasing the hours, by having a website (practice does not have one) and social media presence, and by offering more service (e.g. weight loss, personal injury and workman compensation).

The facility is located on the first floor of an updated professional building on a busy street, but with a large parking lot with free parking. The office has 2,100 sq. ft. of area, and has four exam rooms. The Practice accepts most major insurances and Medicare and Medicaid.

Very successful, well established, solid practice with strong margins
Great growth potential for a growth-oriented buyer
Great Location – Modern building with plenty of free parking, good neighborhood, strong demand with long wait time for appointments
Lender has approved SBA financing for 10 years for a qualified buyer

- Revenue: $1.2 million
- Discretionary Earnings: $721K
- Asking Price: $1.7 million
- SBA Lender Approved – 80% SBA 10-year financing for qualified buyer
- Ample Growth Opportunity

Posted Jun 2, 2016

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