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Business for Sale Summary

Internal Medicine Practice in New York - 35953

Business Type: healthcare related services,other personal services,professional services,seller financing available,health/medical/dental practices
Owner Financing
Internal Medicine Practice in New York
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Financial Information (non-confidential)

General Information
Asking Price $230,000 Down Payment $150,000
Gross Revenues $190,000 Lease Remaining Register Free to View
Owner’s Cash Flow $98,727 Number of FT Employees Register Free to View

Financing

$150,000 Down and $80k over 2 years @ 6%

Business Description

Long established (40 yrs.) Internal Medicine Practice located in Queens County, New York. Multi-generational patient mix. The owner sees patients Monday and Friday (previously saw patients Mon., Wed. & Friday). 920 sq. ft office with reception, 2 exam rooms, private doctor's office/consultation room, full bathroom and staff/storage room. Doctor provides in person & telecare visits. Telecare visits are provided 24/7. Many referral sources including IPA. Echo and sonogram appts provided 2x/month by appt. with an incoming technician. Medicare supplement plans and 21 in network insurances accepted. Retirement and long commute forces sale. 1,410 Patient visits in 2022. New Patients average 3-5/week. Average number of patients per day is 15-20 per day, Sees 35-40 patients/week (only 2 days per week), 2,500 total number of patients are registered with practice: Current staff is 1 office manager/receptionist of 35 years. Prior staff consisted of the addition of physician assistant and Interns for approximate 2-month intervals 3x's per yr. Exams/treatments Provided: well and sick visits. annual visits, physical exams, EKG, blood pressure monitoring and treatment, diabetes monitoring and treatment, thyroid problems, arthritis treatment, and UTI treatment. As well as treatment of everyday infections, illness, cold and flu, etc. blood drawing is available in the office. Vaccinations: COVID, Flu, Pneumonia &,Tetanus Testing: Flu, COVID, Strep, Tuberculosis, Blood drawing available in office. Echo and Sonogram technician available by appointment 2x/month. Pain Management: Injections for Pain including joint pain lower back pain. Minor Surgery for lacerations, cysts, joints. Exam Room # 1 Equipment : Examination Table, EKG, Wall Mounted & Portable Blood Pressure Machine, Pulse Oximetry, Wall Mounted Opthalmoscope and Otoscope. Refrigerator for storage of vaccines/injectables. Exam Room # 2: Exam Table, Wall Mounted & Portable Blood Pressure Machine, Pulse Oximetry, Wall Mounted Opthalmoscope and Otoscope. This is a MUST SEE for any doctor looking to go out on his/her own and buy a profitable practice. Adding two patient days per week will double patient revenue. The seller is offering some financing to a qualified physician buyer. Contact broker Joseph Stansky at 631-383-3109 for more details.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.