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Established Internal Medicine Practice In New York For Sale

New York, US
Asking Price:
$195,000
Sales Revenue:
$190,000
Cash Flow:
$98,727

Long-established (40 years.) Internal Medicine Practice located in Queens County, New York. Multi-generational patient mix. The owner sees patients Monday and Friday (previously saw patients Monday., Wednesday, & Friday). 920 sq. ft. office with reception, 2 exam rooms, private doctor's office/consultation room, full bathroom and staff/storage room. doctor provides in-person & telecare visits. Telecare visits are provided 24/7.

Many referral sources, including IPA, provide echo and sonogram appointments twice a month by appointment. with an incoming technician. Medicare supplement plans and 21 in-network insurances are accepted. Retirement and long commutes force sales. 1,410 Patient visits in 2022. New patients average 3–5 per week. The average number of patients per day is 15-20 per day. It sees 35–40 patients per week (only 2 days per week). A total of 2,500 patients are registered with the practice. The current staff is 1 office manager/receptionist of 35 years. Prior staff consisted of the addition of physician assistants and interns for approximate 2-month intervals (3x's per year). Exams/treatments Provided: well and sick visits. annual visits, physical exams, EKG, blood pressure monitoring and treatment, diabetes monitoring and treatment, thyroid problems, arthritis treatment, and UTI treatment. As well as treatment of everyday infections, illnesses, colds, flu, etc., blood drawing is available in the office.

Vaccinations: COVID, Flu, Pneumonia, and Tetanus Testing for flu, COVID, streptococci, tuberculosis, and blood drawing is available in the office. Echo and Sonogram technicians are available by appointment twice a month. Pain Management: Injections for Pain, including joint pain and lower back pain. Minor Surgery for lacerations, cysts, and joints. Exam Room # 1 Equipment: examination table, EKG, wall-mounted and portable blood pressure machine, pulse oximetry, wall-mounted ophthalmoscope, and otoscope. Refrigerator for storage of vaccines and injectables. Exam Room #2: Exam Table, Wall-Mounted & Portable Blood Pressure Machine, Pulse Oximetry, Wall-Mounted Opthalmoscope, and Otoscope. This is a must-see for any doctor looking to go out on his/her own and buy a profitable practice. Adding two patient days per week will double patient revenue. The seller is offering some financing to a qualified physician buyer.

Business Operation

Reasons for selling:

Retirement

Employees:
2 PT
Years established:
40

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

140,000.00 Down & $55k over 2 years @ 6%

Furniture / Fixtures value:
$63,000
Relocatable:
This business can be relocated.