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Listed by:

Transworld Business Advisors Birmingham SW

Two Location Pediatric Practice In Jefferson County For Sale

Jefferson County, Alabama, US
Asking Price:
$275,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$677,894
Cash Flow:
Undisclosed

Seller Financing Available up to 100% for Buyers, Subject To Final Approval. Current Doctor is willing to stay on with new buyer.

Ideal Buyer: An existing owner-operator or as an acquisition to an existing group needing or wanting a highly complex lab.

Overview: This well-established pediatric practice, with two prime locations in Birmingham, Alabama, boasts a robust patient base of approximately 4,000 active patients. The practice is supported by a dedicated staff and two experienced providers, ensuring seamless operations across both locations. The seller opened a new practice last year while overhauling the existing software to create better operational and employee efficiencies..

Key Highlights:
• Patient Base: Approximately 4,000 active patients.
• Staff: Ready-made staff in place, including two providers.
• Locations: Two highly desirable demographic areas in Birmingham.
• Facilities:
Combined Locations: 12 Exam Rooms, 2 MD Offices, 1 Break Room and 1 shared breakroom, 60+ Parking Spaces, Total Waiting Room Capacity of 50.
Recent Upgrades: Both offices were remodeled in 2018 and 2019, with the seller injecting significant investments in new software and operational efficiencies.
• Financial Performance: The practice has shown strong revenue growth this year, with positive projections for the coming year.

Sale Details:
• Included in Sale: Combined assets along with the patient base excluding the A/R.
• Seller Financing: Up to 100% financing, subject to final review and approval.
• Ideal Buyer: An existing owner-operator or as an acquisition to an existing group needing or wanting a highly complex lab. Industry experience required.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $13,432.00

Square Units (Foot, Meter): 4,200

Location:

Facilities Total Square Footage 2,200
Lease Term and Maturity 84 Months/June 30, 2025
Monthly Lease Payment: $8,071.14

Total Square Footage 2,000SF
Lease Term and Maturity Month to Month with 90-day notice to vacate from either party
Monthly Lease Payment: $5,361.00

Premises Details:

FF&E Overview:
Following Physical Assets:
• 2 foot stools
• 3 task chairs
• 1 executive chair
• 2 bathroom storage cabinets
• 5 exam beds
• 1 desk
• 1 bookshelf
• 1 rolling cabinet
• 2 metal shelves
• 1 credenza
• 6 rolling stools
• 1 rolling cart
• 1 baby scale
• 1 scale
• 3 side tables
• 38 side chairs
• 9 large metal trash cans
• 5 small wire trash cans
• 1 procedure stand
• 1 IV pole
• 1 urine analyzer - consult diagnostic
• 1 reichert unistat Bilirubinometer
• 1 Dymo label maker
• 1 quincy lab model 10-140 incubator
• 1 whirlpool refrigerator
• 1 frigidaire refrigerator
• 2 ABS refrigerators
• 1 ABS freezer
• multiple misc lab supply holders
• 40 pieces of art

FF&E General Condition: All equipment in fair condition

Business Operation

Expansion Potential:

**Potential Growth Opportunities:**

The practice is well-positioned for continued growth and expansion. Here are some key areas of potential:

1. **Expanding Patient Base:** With a strong foundation of approximately 4,000 active patients, there is significant potential to attract new patients through targeted marketing and community outreach programs.

2. **Additional Services:** Introducing new services such as telemedicine, specialized pediatric care, or wellness programs could attract a broader patient demographic and increase revenue streams.

3. **Operational Efficiencies:** Continued investment in technology and operational improvements can further enhance efficiency, reduce costs, and improve patient satisfaction.

4. **Geographic Expansion:** The practice could explore opening additional locations in other high-demand areas within Birmingham or neighboring cities, leveraging the existing brand reputation.

5. **Partnerships and Collaborations:** Forming partnerships with local schools, daycare centers, and community organizations can increase visibility and patient referrals.

6. **Enhanced Marketing Strategies:** Utilizing digital marketing, social media, and community events to raise awareness and attract new patients.

7. **Staff Development:** Investing in ongoing training and development for staff can improve service quality and patient care, leading to higher retention rates and positive word-of-mouth referrals.

Competition / Market:

**Competitive Landscape:**

The pediatric healthcare market in Birmingham, Alabama, is competitive, with several established practices and healthcare providers near both locations.

**First Location:**
- **Liberty Mountain Pediatrics:** Located 8 miles away.
- **Anne W. Byars, MD:** Located 7 miles away.

**Second Location:**
- **Greenvale Pediatrics – Hoover:** Located 6 miles away.
- **Urgent Care for Children:** Located 6 miles away.

Despite the presence of these competitors, the practice stands out due to its strategic locations, strong patient base, and recent investments in technology and operational efficiencies. These factors position the practice well to attract and retain patients, even in a competitive market.

Reasons for selling:

Focusing on Core Business

Trading hours:

Monday-Friday 8am-5pm Closed Weekends & Daily for lunch 12pm-1pm

Employees:
8
Years established:
2023

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 3

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$163,647 - included in the asking price