This well-established cardiovascular medical practice has operated for several decades in Southern California. It specializes in internal medicine, advanced diagnostic cardiology, and Cardiac Rehab therapy—the latter delivered through a dedicated center with robust research operations. The Practice has evolved into a cornerstone provider of internal medicine and cardiovascular services within its region. Approximately 14 years after its founding, the Practice established an affiliated Cardiac Rehab therapy center, which now serves as one of the most comprehensive outpatient facilities of its kind on the West Coast. Located in the heart of Orange County, CA, it is in a facility that is a modern, multi-level medical complex (approx. 15,000 sq ft), with around half dedicated to Cardiac Rehab therapy. The Practice has an amazing staff that operates the Business with 21 dedicated employees with an average tenure of more than ten years with the Company.
The Business has very reliable and steady Revenues which averaged around $3,019,000 over the last three years, and incredible EBITDA Margins at $1,315,000, or 43.5% of Revenues over the same period.
The owner of the Business also owns the facility and is open to selling both to the right buyer. After several decades of practicing, the Owner is preparing to retire and is ready to sell the Practice while remaining open to continuing to work for the Buyer for one to three years post close, making this an amazing opportunity for the right buyer to buy a great business, with steady revenues and cash flow, a veteran staff, and to retain the Seller on staff to continue to treat patients, help with employee retention, and insure continuity of business post close.
The Business has been SBA Pre-Approved making it possible for a qualified buyer to buy this Business with 10% down, with a Bank financing 90%.
For more information, please contact the lead Business Advisor, Chris Beckman, by emailing him at [email protected], or by calling our office at (714)-824-4492. Please note; the sale is confidential. All interested buyers will be required to sign the CABB Non-Disclosure Agreement and complete a confidential buyer profile to screen for relevant experience and a buyer’s personal financial statement before any confidential information will be shared.
- Asking Price:
- $4,600,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,912,479
- Cash Flow:
- $1,175,413
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
Business History - The business was founded and started in 1993 by the current owner operator out of a 3,000 sqft facility in Orange County, CA. At that time the clinic had one physician, the owner, one back-office nurse, and one front office staff member. Within three months of opening the clinic was profitable. In 1994, the company changed its name to its current name and expanded beyond Internal Medicine to serve patients with cardiovascular disease and invested in advanced diagnostic tools including echocardiography, electrocardiograms (EKG), and stress echocardiograms and began performing cardiac catheterizations. In 2022, they acquired a ¾ acres of land and began construction on a two story 15,500 sqft medial facility, which was completed in 2004 and relocated to their current location. Over the years the company continued to growth their cardiology side of the business, which at first was only 20% of their business. Currently their mix is 20% internal medicine, and cardiology is 80% of their business.
- Size in square feet:
- 14,759
- Planning Consent:
-
Monthly Rent
$22.750,00
Square Units (Foot, Meter)
14,759
Lease Expiration Date
December 31, 2025, 12:00:00 AM
Terms Options
Automatically Renewing
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
There is a huge potential to grow the business by increasing and securing additional insurance payer contracts to reach more customers with different types of insurance, and by investing in and developing a more robust marketing campaign to include SDE, Google PPC, Facebook ads, email outreach, and digital marketing. Additionally, you can work to partner with nearby hospitals to increase and grow referral partnerships to send more business to the clinic.
- Competition / Market:
-
Other nearby medical offices that offer internal medicine and cardiology services.
- Reasons for selling:
-
Retirement
- Trading hours:
-
M - F 8 AM - 6 PM
- Employees:
- 21
- Years established:
- 1993
Other Information
- Support & training:
-
2 weeks
- Furniture / Fixtures value:
- $450,000 - included in the asking price
- Relocatable:
- This business can be relocated
