Dermatology Practice For Sale
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $688000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1976
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale Retiring.
Description DERMATOLOGY PRACTICE - Long Established practice of 31 years is located in a 5 story professional/medical building.This office occupies 2,560 sq ft which includes (2) exam rooms, reception/waiting room area (seats 10), business office, doctor office, kitchen area, laboratory, sterilization room, restroom, and 2 storages. Leases for $8,351/mo ($3.27/sqft) with no renewable options, lease terminates in 7/08. Seller wants to retire and is asking $350,000. Gross income in 2007(6mo) is $294k, in 2006 was $688k, in 2005 was $729k, and in 2004 was $794k. Services rendered are 35% exams, 30% other procedures (cryosurgery, etc), 28% minor surgeries, 7% Dermatopatholdgy, and 1% referred to other Doctors. Seller sees 400 patients/mo and 56 are new. Payment includes 96% Insurance, 4% Cash = (68% Medicare, 30% PPO). Office hours are Monday-Friday 8am-5pm. Seller hours are Monday-Friday 8:30am-5pm and is off on Wednesday. There are 1 PT Front Office, 1 FT Office Manager/Billing, 1 PT Back Office, 1 PT Front/Back Office/Billing that work in the practice. Please contact for more information about this practice opportunity. REF# MD 928.
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