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Business for Sale Summary

Private Medical Practice for sale in AL - 34625

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,professional services,seller financing available,health/medical/dental practices
Owner Financing
Private Medical Practice for sale in AL
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This business has received 13 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $100,000
Gross Revenues $435,064 Lease Remaining Register Free to View
Owner’s Cash Flow $159,429 Number of FT Employees Register Free to View

Financing

$100,000 Down and $150k at a rate TBD for 36 months

Business Description

This is a privately-owned, medical practice. It is an Internal Medicine Specialty Center, located in the state of Alabama in a growing and thriving community of 500K residents. The seller has been in practice at this location for over 15 years and is retiring within the next 2 years. Nevertheless, the seller is willing to stay on board to provide support and training to the new buyer. The practice currently has 2 FT employees (office manager with 17 yrs experience and RN with 5 yrs experience) and 1 PT employee (Front Desk Receptionist) all of whom are willing to stay on. The seller has approx. 3000 patients! The age demographics are: 50% aged 50 and older, the remaining 50% are skewed out. Seller sees approximately 15-20 patients per day. However, a younger doctor who purchases this practice could easily see approximately 25-30 patients per day. Seller does not accept Medicaid insurance and currently accepts United, BCBS, Aetna and Humana which makes up 70% of his billings. The remaining 30% of his billings come from private pay patients. Seller's medical office is 2,146 sq. ft and is annexed to a hospital which provides easy access for patients to obtain diagnostic testing. If you are an Internal Medicine/Primary Care Physician and you live outside of Alabama, this is a GREAT opportunity to purchase a thriving practice. Medical Malpractice Insurance is only $8K per year in Alabama! Owner financing is available! Hurry! This practice will sell fast! Please contact Brokers David and Monique Saunders at (347) 486-2136 or (347) 436-6170 to discuss this RARE opportunity!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at dsaunders@vestedbb.com or call us at 347-486-2136 to discover the difference that is Vested Business Brokers.

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.