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Under Contract- Medical Practice Pediatrics Bergen County NJ For Sale

New Jersey, US
Asking Price:
$625,000 Furniture / Fixtures included
Sales Revenue:
$2,300,000
Cash Flow:
$275,000

This is a top rated and busy pediatric medical practice. It is established for 30 years and located in a very comfortable Bergen County area. The practice has two medical doctors and support staff Monday through Saturday. There is plenty of convenient off-street parking, 4500 square feet of professional office space, including a welcoming reception area, check out station and nurse’s stations, plus multiple workstations, and dual waiting rooms. There are plenty of exam rooms, an onsite lab, auditory and vision screening equipment, multiple physician offices, room to expand, and more.

The private practice offers the owner professional autonomy and independence with less administrative burden on that can make practicing medicine more rewarding for physicians. The practice specializes in newborn care, pediatric and adolescent medicine. They provide routine wellness exams, same day sick visits, convenient laboratory services including PCR testing, prenatal consultations, ADHD management, and 24/7 emergency care.

The owner runs the practice with another physician and highly trained including f/t and p/t nurse practitioners, a head nurse and full support staff including office management, medical biller, and multiple receptionists. They also use contractor labor when needed to fill in the gaps seeing patients to meet demand. Staff is available to stay on.

The practice is very reasonably priced with strong income and has excellent growth opportunities. Only private insurance accepted. Bank financing is available.

The owner-physician is seeking retirement and will help with a transition as needed. This is an excellent practice with very good income that is well suited for a sole practitioner, partnership, or would make a good addition to an existing group practice

Property Information

Real Estate:

Lease

Lease Terms:

Lease has 8 months remaining but is renewable. Buyer has option to relocate or stay at existing offices (which are very nicely done).

Location:

Profession office building with lots of parking in an affluent Bergen county town.

Premises Details:

Professional medical offices that are well built and modern with fully equipped exam rooms, multiple physician offices, on site laboratory and testing equipment.

Size in square feet:
4,500

Business Operation

Expansion Potential:

Growth and expansion opportunities exist for a doctor who will add to the staff. Offices are very comfortable and have room to grow.

Competition / Market:

Limited competition in Pediatrics in this area, this pediatric practice has a great reputation and tremendous demand for

Reasons for selling:

Retirement

Trading hours:

Monday through Saturday. 24/7 emergency service with a doctor on call directly

Employees:
7 to 9
Years established:
30

Other Information

Support & training:

Seller will assist with a transition after the sale as needed. Full staff comes with the business (no physicians staying).

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

Bank financing is available on this one. Seller financing may be possible for a well-qualified buyer.

Furniture / Fixtures value:
$150,000 - included in the asking price
Relocatable:
This business can be relocated.