If you are looking to relocate to South Orange County, this will provide you with a turnkey medical practice operation.
From birth to old age, an old fashion family practice fully staffed with 4 full time employees and a part time RN.
The practice was established in town in 1991 and is well embedded in the community from patients referrals as well as referrals from a network of other doctors and hospitals.
After 30 years, the Doctor has developed an excellent reputation and a staple of loyal patients in its upscale community. The Doctor is looking to relocate to another country.
Services provided are primary health care, preventive medicine, utilizing an in-house lab, performing ultra sound, EKG, PFT s and other tests.
The facility encompasses 1,600 sq. ft. which includes: a waiting area for 12 clients, a receptionist area, 5 examination rooms, a Doctor's office, administrator office, a storage area, equipment area and a restroom. An additional office is offered to other professionals (on rental/use basis) for nutritional specialist, hair removing service, etc. That office provides for an opportunity to sell merchandise and ancillary products.
Payer mix includes: Private Pay, Medicare and PPO. The Doctor does not accept HMO patients.
5-7 new patients are added weekly.
Gross revenues (NET of insurance adjustments):
2011 - 520,774
2010 - 466,989
2009 - 438,802
The facility is leased in a medical complex with plenty of parking. Current rent is 3,500 per month. The landlord is offering to remodel the entire practice including floors and counter tops should the Doctor agrees to a 5-year lease at the same monthly rate!
Seller will consider some financing and a discount for an all cash offer.
The Doctor wishes to retire. However, may consider staying on for a short transition period to assist the buyer in capturing the goodwill of the practice.
INCLUDED in the asking price are all the medical equipment and furniture and fixture valued at 85K and the medical supply valued at aprx 20K.