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Medical Practice & Durable Medical Equipment Company
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.
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     
A/R Amount:        Included in asking Price: Y
FF&E Amount:        Included in asking Price: Y
Inventory Amount:        Included in asking Price: Y
 
Real Estate Available for Purchase:    Y  
Real Estate Asking Price:    $450,000  
Year Built:     
1031 Exchange:    N  
Gross Income Current
coming
Prev Yr1
959,412
Prev Yr2
927,473
Prev Yr3
1,003,054
Seller Discretionary Earnings Current
coming
Prev Yr1
441,101
Prev Yr2
352,799
Prev Yr3
241,033
History: Since 2003.
Growth Potential: Perfect opportunity to expand the practice and business into nearby cities.
Reason For Selling: Confidential.

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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