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Business for Sale Summary

Thriving Medical Practice for Sale in New York - 36212

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,owner financing available,health/medical/dental practices
Thriving Medical Practice for Sale in New York
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This business has received 11 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $190,000 Down Payment $22,800
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $80,000 Number of FT Employees Register Free to View

Financing

$22,800 Down and balance of $167,000 for 60 months @ 8%

Business Description

Offered is a substantial medical practice, as a seasoned internist concludes a distinguished 40-year career. Presently, the practice attends to 100 patients weekly, with an active patient roster of 6,000 individuals (with over 20,000 on record). A strategically placed sign has the potential to draw an indefinite number of new patients. Active patients typically schedule visits every three months or as required, with the office accepting all insurance providers. The monthly rent encompasses 10 exam rooms (comparable rooms in the vicinity lease for $2,500 to $3,000 each), presenting an entrepreneurial opportunity for a doctor to potentially rent out any surplus rooms individually. The building is owned by the doctor, who would serve as the new landlord at $20,000/month for a 5 5 year term, inclusive of 10 examining rooms. Currently, payroll is managed inefficiently with three full-time secretaries. The facility is well-equipped, featuring tools such as an electric cardiogram and eye examination equipment. A specialized practitioner in any field could easily fill their calendar from the existing patient database. The seller is open to facilitating a smooth transition and is offering the thriving practice for sale at $190,000, requiring a modest down payment of $22,800. This presents an outstanding opportunity for a new doctor or one seeking practice expansion. Interested parties are encouraged to contact the listing broker, Brian Bernstein, at 929-969-0007 to further explore this exclusive opportunity.

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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.