General Med Practice With Pulmonary Specialty
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $708315
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1978
Number of Employees 4 - 5
Inventory 10000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The doctor is willing to stay on for up to two years in any capacity to help with the transition to a new doctor. He is willing to continue to work full- or part-time to ensure smooth introductions of patients.
Reason for Sale Retirement.
Description Beloved general practitioner and pulmonary specialist is ready to retire. This doctor has been in practice for 34 years in an affluent community in Ventura County. He is affiliated with a major regional medical center and his office which he shares with one other doctor is next door to the hospital. The doctor has longstanding relationships with most of his patients since he practices general medicine as well as the specialty of pulmonary medicine which involves chronic conditions such as asthma, COPD and lung cancer for example. He is willing to stay on for as long a period as the buyer wants, including working part-time to ensure a smooth transition for a new owner.
Practice is based in a 3000-square foot office space, shared with another physician. The shared office space includes seven exam rooms, a nurse's station, patient waiting area, a small lab and a lunch/break room with a refrigerator. There is also a private consultation room for each doctor.
Through a relationship with a non-SBA lender who specializes in health care practices, KeyStone can refer a buyer who may qualify for 100% financing, even including some working capital needs.
This practice is well-priced at $300,000 (just 42% of 2011 collections.) Please call Mark Richard at 805-370-5210.
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