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Turnkey Medical Practice For Sale

South West Florida, Florida
Asking Price:
$300,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,675,203
Cash Flow:
$288,725

If you are a physician and want to escape the cold weather up North, or if you have an existing practice somewhere else in the country and would like to escape a hectic urban lifestyle, this is the opportunity of a lifetime. It is a TURNKEY opportunity for a Physician to own a well-established MEDICAL PRACTICE that is located on the Southwest Coast of Florida on the barrier Island of Siesta Key, Florida. Siesta Key is only minutes away from Beautiful and upscale Sarasota, Florida, affording a buyer a laid back lifestyle while still having access to all of the world class cultural and environmental amenities that Sarasota has to offer. This Practice includes all tangible & intangible assets, including computers, Furniture, fixtures & Equipment and a fully trained staff that will very likely remain on after a sale. The equipment includes a new $50,000 digital X-Ray machine.

The Center provides care from pediatric to geriatric patients treating all health concerns in one location. Whether it be Family Medical Care, Personal Injury/Accident Care, Urgent/Walk-in Care, Corporate Care or Aesthetic Care, this office is staffed and equipped to handle all medical needs of it's patients.

Quality patient care and first class customer service is provided at every point of contact and each patient is given the most knowledgeable,efficient & friendly care. A buyer would benefit significantly from the excellent reputation that the current Owner/Physicians have built over the years.

Property information

Real Estate:

Lease

Lease Terms:

Current lease is on a year to year basis. The landlord has no problem in assigning the existing lease and is willing to commit to a longer term lease for a buyer.

Leasehold Rent:

$51,523 per annum

Location:

Located on the Southwest Coast of Florida on the barrier Island of Siesta Key, Florida.

Premises Details:

This office is well appointed & designed and includes roughly $60,000 in leasehold improvements that were done 3 1/2 years ago. The practice operates out of roughly 4,000 square feet of space located in a busy shopping plaza in the heart of the island's downtown village. The office consists of 7 fully equipped & furnished exam rooms, one of which is equipped for minor surgery, a large reception area furnished with 16 leather chairs & 3 fully equipped workstations. In addition, there is a fully furnished & equipped Doctors office, a fully furnished & equipped employee break room, a lab for various medical testing & a fully equipped lab draw room and an X-Ray suite which houses the new $50,000 digital X-Ray machine. There is a front entrance for patients and 2 rear entrances for employees with ample parking. There is one employee bathroom with a shower & 2 patient bathrooms. The office is open 4 days a week, with the day off each week being flexible.

Business Operation

Expansion Potential:

Tremendous upside for a tech savvy buyer who can implement an aggressive marketing campaign that reaches out to the over 6,000+ residents that live on the island year round, as well as to the thousands of tourists who visit & stay in the condominiums/resorts on the island each year. The Millennials now far out number the Baby Boomers and could be targeted through development of a social media strategy and development of a robust website that reaches out to their digital behavior.

Competition / Market:

This is the only Medical Practice on the entire Barrier Island of Siesta Key.

Reasons for selling:

The current Physician/Owners have a very large and thriving practice on the mainland in Sarasota, Fla. and wish to divest themselves of the Siesta Key Practice so that they can focus all of their time & energy on their primary practice.

Trading hours:

Open 4 days a week from 8:00 A.M - 5:00 P.M. with flexibility as to which day the office is closed each week.

Employees:
Three employees in addition to the Physician. A receptionist, a nurse & an assistant.
Years established:
2015

Other Information

Support & training:

Although there is no guaranty, there is a strong likelihood that the existing staff will all remain on after the sale of the practice. Given this, the requirement for the current physician/owners to remain on shouldn't be necessary. There is the possibility, should the need exist, to have access to current owner/physician's on a consulting basis for an agreed upon fee for a limited period of time.

Furniture / Fixtures value:
$60,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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