Family Medical Practice
Location Pennsylvania,United States
Asking Price Range $250K - $500K
Gross Revenues $143000
Net Profit / Cash Flow $36000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1974
Number of Employees 1 - 3
Inventory 87000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Description This well-established family practice is profitable and has great potential for growth. It has an impeccable reputation and is known for its quality service and the physician's willingness to do house calls. The practice attracts patients from throughout a 20-mile radius and receives an incredibly high number of referrals. The practice has about 20,000 charts, with more than 5,000 active patients. The physician currently works only about 16 hours a week, although a new owner easily could increase hours.
The practice is on the first floor of a 10,000-sq-ft, two-story building, and a gorgeous apartment is on the second floor. The building, which the owners recently renovated, is included in the sale. The practice uses two examining rooms, two bathrooms, an office and a waiting room. The apartment contains three bedrooms, two bathrooms, a living room, family room, kitchen, dinning room and two-car garage. The site also has five parking spaces and a vacant office that could be turned into a pharmacy or chiropractic office. The practice is in a small, friendly community near the Pocono Mountains. The area has strong school districts and plenty of recreation. The owners might be willing to stay on for up to three months following sale of the practice to help facilitate a smooth transition.
Established: 1974.
Employees: A physician (the practitioner), an office manager (a pharmacist) and a secretary (a clinic lab tech).
Facilities: A 10,000-sq-ft building included in the sale.
Reason for selling: The owners are retiring and relocating.
Contact for more information on this Family Medical Practice for sale.
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