Pediatric Practice For Sale
Location Michigan,United States
Asking Price Range < $250K
Gross Revenues $570000
Net Profit / Cash Flow $320000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 1 - 3
Inventory 40000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Retirement
Description Pediatrc Practice For Sale
Location: United States -> Michigan -> Flint
Industry: Health and Medical > Medical Practices
Business Summary
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LOCATION
CITY Flint
STATE Michigan
COUNTRY United States
Not Relocatable
FINANCIALS
ASKING PRICE$ 150,000
SALES$ 600K
PROFITS$ 320,000/year
PROFIT TYPE Free Cash Flow
FISCAL YEAR 2012
DEAL TERMS
Owner Will Retire
Active pediatric practice for sale in Flint, Michigan will be sold due to retirement, approximately, within one year. The owner (also the seller) is a board certified sole practitioner practicing since July 2002 at this location. Office very close to three medical centers one of which has pediatric residency program with subspecialists for referrals.
This practice has been selected as ''Patient Centered Medical Home'' (PCMH) for five years in a row; PMCH designation increases BCBS payments by 20%
Receives ITG reimbursement > 30,000/year from State
Receives PGIP rewards >20,000/year.
Has EHR
There are about 2,000 patient charts.
Annual collections is $ 550,000 (Last 5 years average) and $570,000 for 2012.
Insurance distribution (approximate):
Medicaid : 25 %
HMO : 20 %
Commercial : 55 %
Current rent is $ 1,800 for 2400 sq/ft office space. Interior has been designed and paid by by the seller and included in price. There are 5 exam rooms.
All furniture and equipments are included in the price.
Current staff includes 3 well trained medical assistants and they are willing to stay with the new owner.
Seller, is a sole practitioner and he is willing to orient the buyer as long as necessary.
Financials
Asking Price Range: < $150K
Gross Revenues: $570,000
Cash Flow: 570,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $40,000
Seller Financing: Possible
About The Business
Year Established:
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