This specialized private medical practice is available for sale. As a subspecialty neurology and audiology practice it provides diagnoses and treatments to patients. New patients come from referrals from a variety of healthcare providers as well as current patients. Additionally, the practice uses a 3rd party service for digital marketing to gain new patients. Currently, demand for their services outpaces fulfillment.
The practice has two strategic locations. Both are in large urban areas with aging populations. It’s important to note that while they assist patients of all ages, it is mainly older people who seek out their services. According to urban.org, “The number of Americans ages 65 and older will more than double over the next 40 years, reaching 80 million in 2040.” As a result, the demand for services will only increase.
Licensed and trained professionals work at the locations. In combination with the physician running the practice, the staff contributes to the practice’s excellent reputation. Patient reviews praise them for their friendliness and helpfulness. Patients also appreciate that their appointments are always on time. Additionally, the reviews praise the practice for discovering the causes of their symptoms as well as finding ways to treat them.
This specialized private medical practice is a great acquisition for a doctor, an ENT practice, neurology group, or a hospital buying group. It’s a great add-on acquisition to expand an existing practice. If you would like more information about this practice, please contact us today.
Investment Considerations:
• Excellent Reputation
• Scalable Business Model
• Established Patient Book of Business
• Experienced Staff in Place
• Two Locations
• Highly Sought After Services
• Attracts Patients from More Than 100 Miles Away
• Demand Greater than Ability to Fulfill
• Increasing Demand Driven by Aging Population
Facilities:
There are two facilities. Location 1 has a reception/waiting area, 10 treatment rooms, restroom and employee kitchen. Location 2 has a reception/waiting area, 11 treatment rooms, restrooms, and an employee kitchen. Both have ample lot parking.
Real Estate Available: Yes
Real Estate Included: No
Real Estate Description:
The seller leases two locations. Both are in densely populated, urban areas. Location 1 is approx. 2,884 SF. Monthly rent is $6,312. The lease expires May 31, 2025. Location 2 is approx. 2,493 SF with monthly rent of $3,076. Lease is currently month-to-month. This location is relocatable.
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Market Competition: This business is part of the specialty provider industry. Industry revenues are expected to increase annually by 3.2% over the next five years. This is in line with the ever aging population who make up the bulk of its client base.
While there are several competitors, none are as comprehensive as this practice.
