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
Asking Price Between $1,000,000 and $2,500,000
Sales Between $1,000,000 and $2,500,000
You May Also Like
Solo Cardiology Practice, Philadelphia, PA #406197 posted May 1, 2016
- Philadelphia, Pennsylvania, United States
For Sale: Solo Cardiology Practice for 35 years with gross collections of $450,000 with emphasis on non-invasive cardiology. The office is located in medical art building with large referral base. The seller is retiring however will assist during transition period. The trained and bilingual staff will...
Established Medical Practice for Sale #450739 posted Aug 1, 2016
- New Jersey, United States
Established Family Practice in Passaic County with significant room for growth. Annual collections in excess of $111.000 based on a 19 hour workweek. Also the Dr. does not accept HMO or Medicaid. Located in a free standing building with multiple treatment rooms. The Doctor is willing to stay on...
Family Practice for Sale for 75K #449487 posted Jul 14, 2016
- New Jersey, United States
- Less than $100,000
Internal medicine/family family practice A turn key practice with an already established patient base over 2000 active charts. 90+pt a week. This practice has been integrated in the Hudson county community for over 35 years! Price 75k Practice just started to have active and lucrative buphenorphine...
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.