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Fabulous Family Medicine Practice In Pulaski County For Sale

Pulaski County, Arkansas, US
Asking Price:
$495,000
Sales Revenue:
$751,146
Cash Flow:
$321,291

Fabulous Family Medicine in Charming Community—Real Estate Available

This family medicine practice has been dedicated to providing exceptional healthcare services tailored to meet the greater North Little Rock community's unique needs since 1990. The experienced team has expertise in managing a wide range of chronic health conditions, including diabetes, hypertension, hyperlipidemia, atrial fibrillation, COPD, and mental health concerns like anxiety and depression. With a focus on preventive care, diagnosis, and treatment, the practice strives to foster a nurturing and supportive environment.

The sole provider generates $750,000+ in gross revenues and averages 7,440 encounters annually. New patients seeking care at this patient-centered practice average 40+ per month. The payor mix is 66% commercial, 32% Medicare, and 2% self-pay. The office can accommodate 1-2 more providers besides the current provider.

For a family medicine or internal medicine physician, this is an exceptional opportunity to run their own practice and be part of a well-established, successful healthcare provider. Similarly, for an established practice, this is a chance to expand geographically or to add a solid patient base, opening doors to new possibilities and growth.

100% Bank Financing is available with approved credit. Please inquire.

In association with ParaSell, Inc., a licensed Arkansas Broker (PB00078916),

Property Information

Location:

Pulaski County, AR

Premises Details:

A 3,572 SF medical office with walk-up parking. Facilities include 1 waiting room with 13 chairs, reception area, 6 exam rooms, 1 procedure room, 2 patient restrooms, 1 staff restroom, 1 provider office, 3 MA/Nurse stations, 1 dictation room, 1 staff lounge, 1 laboratory, 1 X-ray room, and 1 storage room. There is an additional 1,520 SF of office and storage space on the second level. The building has 17 dedicated parking spaces.

Size in square feet:
3,572 SF

Business Operation

Expansion Potential:

With the capacity to accommodate up to two more providers, the practice can expand its team to offer a wider range of services and accommodate more patients. By extending office hours, the practice can better accommodate the busy schedules of patients and improve accessibility to care. Offering evening or weekend appointments can attract working professionals and individuals with hectic schedules, allowing the practice to serve a larger patient population and increase revenue.

Competition / Market:

In a competitive landscape characterized by diversity in healthcare offerings, the practice distinguishes itself through its unwavering commitment to personalized, patient-centric care. While other healthcare providers may focus solely on volume or specialization, the practice stands out by prioritizing quality and forging strong connections with its patient base.

Reasons for selling:

Preparing for retirement to pursue farming full-time

Employees:
6
Years established:
1990

Other Information

Support & training:

Up to six months, compensation, and schedule by mutual agreement.

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

$50,000 to qualified physician buyer, on approved credit.