Internal Medicine Practice For Sale
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1979
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Retiring.
Description Seller wants to retire after being established since 1979 and is asking $255,000. This practice is located in a one story professional / medical building off of a main street in a high growth area. The office consists of 1,500 sq ft, 3 exam rooms, receptionist / waiting room (seats 17), doctor office, etc. Gross income in 2007 was $367k, in 2006 was $408k, and in 2005 was $425k. Seller sees 600 patients per month and 500 - 700 new patients per year. Services rendered are 70% office exams, and 10% ea: hospital, home, nursing home. The payment consists of 62% Insurances, 20% Cash, and 18% HMO. The office hours are Monday - Friday 9am - 5pm. The seller hours are Monday - Friday 7am - 9am; 7pm - 9pm. There is 1 Receptionist, 1 Back Office, and 1 Front Office that work in the practice. Contact for more information on this Internal Medicine Practice for sale.
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