Family Medical Practice For Sale
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $435298
Net Profit / Cash Flow $148000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1989
Number of Employees 10 - 19
Inventory 55000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Leased
Training Will train for 2 weeks at $0 cost.
Reason for Sale Retirement.
Description Family medical practice ideally located in a professional center near 2 major hospitals (one which is a teaching hospital) and surrounded by a mix of densely populated communities and upscale family neighborhoods. It is a turnkey business, with a fully trained staff of 8, including 2 medical assistants and 2 doctors. The office is a well laid out and appointed facility including 6 exam rooms. The great reputation of practice has been built over 22 years. Patient visitations average more than 400 per month. Many patients have been patients since birth. Majority of patients come from referrals by other patients plus referrals from other doctors. The active patient list is over 10,000 and includes families, children, adults, and seniors. Primary physician is retiring but will stay as an employee insuring a smooth and profitable transition. This practice has great potential to grow simply by opening more hours, hospital visits and senior centers. Selling Price: $275,000. For more information, please contact Russell Miller at 908-928-0088.
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