This pulmonary medical practice was established in 1993 and has since evaluated and treated tens of thousands of patients. Located in Broward county and affiliated with several hospitals, the seller enjoys a great reputation and has forged relationships with many patients over the years. The seller is willing to work for the buyer with reduced hours and even guide the new owner towards expanding the practice. Perfect for an existing pulmonary MD or group of MDs, or a private equity firm that wants to invest in the medical arena. Pre-qualified by several direct lenders! This pulmonology practice has an immense growth potential and the seller is willing to be instrumental in the expansionary efforts of the buyer.
- Asking Price:
- $2,999,000 Furniture / Fixtures included
- Sales Revenue:
- $1,395,374
- Cash Flow:
- $1,013,938
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The medical office is situated in a Broward hospital setting and is very accessible by staff and patients alike. Plentiful parking and the location is close to major county roads and highways. The lease is assignable and extendable.
Business Operation
- Expansion Potential:
-
Florida has experience a pronounced population growth and the medical field is growing as a result. The pandemic has affected the pulmonary abilities of thousands of people and the services that this practice provides are very high in demand. Great growth awaits ahead!
- Competition / Market:
-
The are other pulmonary practices in Broward county but one will be hard pressed to find one with a 29-year history, based in the same location and having such a robust patient following as this MD. 75% to 80% is referral business.
- Reasons for selling:
-
The seller is approaching retirement and wants to establish an active retirement strategy, during which he can work for the buyer with reduced hours and even help the new owner scale up the business.
- Trading hours:
-
Monday-Friday 9am-5pm
- Employees:
- 8 FT/1 PT
- Years established:
- 29
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
A medical license is required.
- Financing available:
-
Lender pre-screened with $600K down.
- Furniture / Fixtures value:
- $14,200 - included in the asking price
- Relocatable:
- This business can be relocated.
