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- RE: Established Medical Practice Strong Cash Flow
- Contact: John Meyers
Quick Facts
Asking Price: | $950,000 | |
Annual Revenue: | $839,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $512,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1989 | |
Employees: | 6 | |
BBN Listing #: | 980452 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Very well-established and well managed primary care and preventive health care practice operating in the same location for 35 years with approximately 7,900 patient visits per year.
Located within a 5-mile radius of five large hospital system locations.
This practice serves area communities with a personalized approach and mostly serves adults between 18 and 70 years of age (no pediatrics or obstetrics).
Insurance payor distribution among patients: Medicare Part B (28.7%), Commercial Insurance (14.3%), BCBS (52.9%), HMO (2.7%), and Medicaid (1.0%).
Many growth opportunities exist since this practice only accepts new patients through referrals. Opening up satellite locations within 90 miles of the current location would help the practice grow quickly.
Six employees will stay on, and the building is leased. – Seller will stay on for a reasonable transition period as well.
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Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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