| Treasure Coast Florida Internal Medical Practice-Great Growth! |
Description: This internal medical practice is located in Martin County, FL where the owner has built the practice for the past eight years. The New owners/physicians will enjoy the extensive patient base which adds 5 to 7 new patients weekly.
The revenue stream and profits built by this practice is in the upper echelon of internists. Future increased revenue is in place and to be enjoyed by the acquiring physician.
A solid transition plan has been well designed by the Exiting physician to insure a great transfer to the Entering doctor.
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Practice/Business Type: Internal Medicine
Opportunity Type: Practice For Sale
Region: North America
Country: UNITED STATES
State: FL
City: Stuart
Location Type: Suburban
Property Type: Free Standing Bldg.
FT Doctors: 1
PT Doctors: 1
Support Staff: 4
Exams/Ops/Lanes: 3
Facility Size: 1600 Sq Ft
Seller Assist: Seller can assist buyer with transition
Seller Work: Seller willing to work in practice after closing part time
Stuart, FL
Year Biz Established: 2001
Entity Type: S Corp
Broker Contact OK: Y
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| Biz Asking Price: |
$525000 |
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| A/R Amount: |
$150000 |
Included in asking Price: N |
| FF&E Amount: |
$31000 |
Included in asking Price: Y |
| Inventory Amount: |
$5000 |
Included in asking Price: Y |
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| Real Estate Available for Purchase: |
Y |
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| Real Estate Asking Price: |
$400000 |
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| Year Built: |
2001 |
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| 1031 Exchange: |
N |
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| Gross Income |
Current
595000 |
Prev Yr1
$591000 |
Prev Yr2
$603000 |
Prev Yr3
$571000 |
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| Seller Discretionary Earnings |
Current
355000 |
Prev Yr1
364782 |
Prev Yr2
$431000 |
Prev Yr3
$416000 |
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History: The main office is located in a medical office condo, near a hospital. The office condo can be purchased now for $400k or rented with an option to purchase. A new owner will enjoy the benefits of this office with state of the art medical and office equipment. $70,000 was invested in a beautifully decorated and highly efficient, build-out.
Growth Potential: A new physician in this practice will be able to immediately enjoy higher than normal income with potential for even higher income. The current owner/physician has at least 24 hours each week that the office is not being utilized, which could be turned into immediately higher revenues. Current patient bookings extend out eight weeks.
Reason For Selling: Doctor has two offices now and time constraints require sale of one location.
Other Remarks: The main office is located in a medical office condo, near a hospital. The office condo can be purchased now for $400k or rented with an option to purchase. A new owner will enjoy the benefits of this office with state of the art medical and office equipment. $70,000 was invested in a beautifully decorated and highly efficient, build-out.
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