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  • Listing No.: 101-15812

  • Category: Practice Sales

Asking Price $1,288,000
Down Payment $0
Gross Revenue $1,153,507
Total Adjusted Net Income $260,616
Equipment/Fixtures $86,877
Year Established 1998
General Location
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Purchase price includes the real property/building valued at $825,000.00 per recent appraisal and $136,000.00 in A/R. Fully equipped OBGYN medical practice comprised of two locations. Seller states one growth area is expanding days open in both locations to Five (5) days from the current two and one half (2-1/2) days for loc. #1 and two (2) days for loc. #2. Location 1 has a square footage of 4,000 sq ft and Location 2 has a square footage of 2,000 sq ft. Base rent for Location 1 is $4,621 and Location 2 is $2,280. Total rent for Location 1 is $5,521 and for Location 2 is $2,2800.00. Rent deposit, end of lease and options for the lease are only for Location 2 as Location 1 is owned by the seller. There is approximately $85,000.00 in additional revenue that is currently paid to an on call doctor that covers for the Seller when the Seller is not available. Primary location is near hospitals and the building is owned by the Seller and must be purchased with the Practice.  Seller is willing to stay on for an agreed upon period to continue to grow the practice and provide for a smooth transition. Seller will consider leasing the premises to a Buyer of the Medical Practice if Buyer is not interested in purchasing the building. Proof of Funds required.  

Gross Revenue $1,153,507 Listed Price $1,288,000
Total Income $260,616 Down Payment $0
Base Rent $6,901 Square Feet 6000
Total Rent $7,801 Lease Expiration 11/2019
Rent Deposit $0 Lease Options 1 / 5 year
Inventory Not Included Leasehold Improvements $18,415
Equipment/ Fixtures $86,877 Other Assets $19,945.00
Full-Time Employees 11 Training Period TBD
Part-Time Employees 1 Special License Required Medical License
Contract Staff 1 Reason for Selling Retirement with provision to stay if desired by buyer

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.