Loading Contents...

  • Listing No.: 101-15812

  • Category: Practice Sales

Asking Price $463,000.00
Down Payment
Gross Revenue $1,267,354.00
Total Adjusted Net Income $278,036.00
Equipment / Fixtures $86,876.70
Year Established 1998
General Location
Print This Listing

Long established OBGYN Medical Practice. The building is available for sale by Seller at $825,000.00 per appraisal or Seller will issue a new lease to Buyer. The purchase price includes approximately $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 is owned by the seller with current total rent of $5,521.00 and Loc.#2 is leased with a total rent of $2,280.00 and one (1) five year option to renew. 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. Seller is willing to stay on for an agreed upon period to continue to grow the practice and provide for a smooth transition. A detailed Confidential Practice Questionnaire is available. Proof of funds required. For additional information,please contact Listing Agent. 

Gross Revenue $1,267,354.00 Listed Price $463,000.00
Total Income $278,036.00 Down Payment
Base Rent $6,901.00 Square Feet 6000
Total Rent $7,801.00 Lease Expiration 11/2019
Rent Deposit Lease Options 1 / 5 year
Inventory Not Included Leasehold Improvements $18,415
Equipment / Fixtures $86,876.70 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.