| Medical Practice & Durable Medical Equipment Company |
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Description: The doctor started this practice in 2003 and offers a wide range of services and treatments for Allergy, Pulmonary, and Sleep Disorders. Revenue has grown steadily since that time with total revenues last year at the $1 million level. The facility is approximately 6,000 square feet in size and the business employs 6 full-time employees. Sleep apnea patients make up 70% of the business with the remaining 30% being allergy and pulmonary patients. Nearly all of the revenue is paid by Blue Cross, Medicare, and Medicaid. The doctor has an impeccable reputation with the patients he serves and has never had a malpractice case. This would be an excellent opportunity for a new doctor to buy a turn-key practice with solid cash flows.
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Practice/Business Type: Other Medical>Multi Specialty Opportunity Type: Practice For Sale Region: North America Country: UNITED STATES State: IA City: small town
Location Type: Urban Property Type: Free Standing Bldg. FT Doctors: 1 PT Doctors: 0 Support Staff: 6 Exams/Ops/Lanes: 0 Facility Size: 6000 Sq Ft
small town, IA Year Biz Established: 2003 Entity Type: Professional Corporation Broker Contact OK: N
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| Biz Asking Price: |
$500,000 |
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| A/R Amount: |
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Included in asking Price: Y |
| FF&E Amount: |
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Included in asking Price: Y |
| Inventory Amount: |
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Included in asking Price: Y |
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| Real Estate Available for Purchase: |
Y |
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| Real Estate Asking Price: |
$450,000 |
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| Year Built: |
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| 1031 Exchange: |
N |
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| Gross Income |
Current coming |
Prev Yr1 959,412 |
Prev Yr2 927,473 |
Prev Yr3 1,003,054 |
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| Seller Discretionary Earnings |
Current coming |
Prev Yr1 441,101 |
Prev Yr2 352,799 |
Prev Yr3 241,033 |
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History: Since 2003.
Growth Potential: Perfect opportunity to expand the practice and business into nearby cities.
Reason For Selling: Confidential.
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| Agent Profile |
The Business Brokers, Inc. Dan Coogan 6165 NW 86th Street Johnston, IA 50131 515-252-2532 Fax: 515-252-2556 dcoogan@tbbinc.com
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The Business Brokers, Inc. - "A successful sale satisfies the needs of the Seller and the goals of the Buyer."
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