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Medical Practice For Sale

Location  Georgia,United States
Asking Price Range  $250K - $500K
Gross Revenues  $720000
Net Profit / Cash Flow  $200000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2000
Number of Employees  6 - 9
Inventory  Yes
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned
Training  Yes.
Reason for Sale  Relocating.

Description  
Family Medical Practice For Sale-McDonough, GA. General Family Practitioner: Mitchell Family Practice has been operating under the same ownership for 6 years in McDonough, GA. Services provided at the practice include physical exams, worker's comp, disease management, office procedures, biopsy, x-ray, dermabrasion, spirometry, EKG, and more. Patient Mix: The practice sees approximately 49-52 patients daily. Patient mix include ages 18-68 with a approximately 40% male and 60% female. Practice Staffing: Nine long term staffers which include 4 certified medical assistant, office manager, in house billing manager, receptionist, phlebotomist. Office hours are Monday thru Friday 8:30am-6:00pm; however, the primary doctor only works four days (8:30-am to 6:00pm) while the associate doctor also works four days 8:30am-4:00pm. The medical facility includes 9 exam room, 4 offices, separate lab, x-ray, blood draw rooms, 4 bathrooms. Summary of Financials: 2005 and 2004 Gross Revenues: $669,600 and $507,100. Note: Gross Revenues are derived from a 4 day work week. SALES PRICE: Practice sales price without real estate is approx. $375,000 with an option to purchase the building in 2-3 years. For additional information, please provide a personal financial statement Dr. Mitchell - reference: Mitchell Family Practice. Thank you and we appreciate your interest.


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