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Well-Established Cardiology Practice In Sarasota County For Sale

Sarasota County, Florida, US
Asking Price:
$615,000 Furniture / Fixtures included
Sales Revenue:
$885,383
Cash Flow:
$399,091

This non-invasive cardiology practice (est. 2004) has built a strong reputation in the community for its cardiovascular expertise and patient-centered care. Nuclear stress testing, echocardiograms, carotid artery ultrasounds, holter monitoring, pacemaker checks, and the Coumadin clinic further enhance their comprehensive cardiology services. The practice focuses on non-invasive, conservative care, which resonates with many patients and referral sources who prefer less aggressive treatment options. However, the practice has established strong relationships with trusted specialists who can provide these services when necessary, ensuring comprehensive care for all patients.

In 2023, gross revenues were $885,383, working 3.75 days per week. There are significant opportunities for growth within the practice. Recapturing hospital visits and procedures presents a substantial potential for expansion, as these activities could generate new referral sources from hospital interactions. Additionally, there is considerable scope for increasing the range of office-based procedures and testing. An appropriately trained provider could introduce new services, such as peripheral vascular disease evaluations, which could lead to angiography and interventional procedures. If the new provider chooses not to offer these services directly, the practice has established relationships with trusted providers to ensure seamless continuity of care.

Upon request, qualified prospective buyers will have access to detailed financial records and a comprehensive 20+ page Confidential Information Memorandum (CIM).

100% bank financing is available with approved credit. Please inquire.

In Association with ParaSell, Inc. | A Licensed Florida Broker
ParaSell, Inc. – Scott Reid, Florida Broker of Record

Property Information

Real Estate:

Lease

Lease Terms:

Rent: $3,237.25 per Month

Location:

Sarasota County

Premises Details:

Single level 1,800 SF medical office. Facilities include waiting room with 8 chairs, 2 exam rooms, 1 provider office, 2 additional offices, 1 medical records room, 1 procedure room, 1 nuclear camera room, 1 patient restroom, 1 staff lounge, 1 nuclear laboratory, and 1 storage closet/cabinets. The building has multiple parking spaces.

Size in square feet:
1,800 SF

Business Operation

Expansion Potential:

There are significant opportunities for growth within the practice. Recapturing hospital visits and procedures presents a substantial potential for expansion, as these activities could also generate new referral sources from hospital interactions. Additionally, there is a considerable scope for increasing the range of office-based procedures and testing. An appropriately trained provider could introduce new services such as evaluations for peripheral vascular disease, which could subsequently lead to angiography and interventional procedures.

Reasons for selling:

Owner is preparing for retirement

Employees:
4
Years established:
2004

Other Information

Support & training:

Founding physician owner is willing to work 6-12 months post-sale to ensure a smooth patient transition.

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

$92,250 on approved credit to qualified physician buyers