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Business for Sale Summary

Two Medical Offices for sale in NY - 34942

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,professional services,seller financing available,health/medical/dental practices
Owner Financing
Two Medical Offices for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $2,500,000 Down Payment $1,500,000
Gross Revenues $1,600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $700,000 Number of FT Employees Register Free to View

Financing

$1,500,000 Down and $1m at 5% for 36 months

Business Description

Two Extremely lucrative medical practices for sale. Both offices cater mostly to internal medicine and physical therapy. One is located in Queens and the other is on Long Island. The Queens office is 1600 square feet and consists of a private doctors office, two examination rooms, a physical therapy room, reception area and waiting room. Rent for this location is $5500 per month. This practice is located near major hospitals and there are a tremendous amount of residential and business buildings nearby. The Long Island office is a large 4000 sq ft space with 13 examination rooms and one physical therapy room as well as a reception area and waiting room. This space is owned by the seller and is willing to offer a lease or he would be willing to sell the space. This practice has been operating for 20 years and has a combined gross revenue of 1.6 million per year and a net profit of $700k per year. This business is a perfect opportunity for two or three doctors to join forces, but they really should specialize in internal medicine and PT since that is why the majority of patients are going there. The seller is willing to offer financing to a qualified buyer. Please contact Brian Bernstein at 929-969-0007 to schedule a visit. Please be very discreet when visiting this business since the employees are unaware of the seller's intentions.

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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.