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  • Listing No.: 101-15746

  • Category: Practice Sales

Asking Price $1,800,000
Down Payment $0
Gross Revenue $5,732,967
Total Adjusted Net Income $1,423,286
Equipment / Fixtures $97,388
Year Established
General Location
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PRICE SUBSTANTIALLY REDUCED! Included in the total income of $1,423,286.00 is Seller's Officer Compensation for 2018 of $291,000.00. Highly profitable, well established medical practice specializing in Rheumatology. A major bank’s Medical Practice Lending division has preliminarily approved this Medical Practice for 100% financings of the purchase price plus additional working capital. Seller states this specialty is a highly growing field due to the aging population. Seller continues to reduce his hours in the Practice and takes approximately 90 days of vacation time. Seller States that reducing the amount of vacation time could increase revenue. Seller co-owns a separate corporation that owns the building and will issue a new lease. The facilities include 7 exam rooms, 1 infusion room, 2 private offices, public and private restrooms, employee lounge, computer room, storage room, and reception area. Seller states there is room to bring in a NP/PA or another Medical Specialty associate, if desired for expansion. The billing, patient data and medical software used by the practice is E-Clinical Works (ECW). There are three private parking spaces plus additional ample parking used for the practice.

Gross Revenue $5,732,967 Listed Price $1,800,000
Total Income $1,423,286 Down Payment $0
Base Rent $0 Square Feet 2500.00
Total Rent $0 Lease Expiration
Rent Deposit $0 Lease Options TBD
Inventory $125,000 Leasehold Improvements
Equipment / Fixtures $97,388 Other Assets
Full-Time Employees 4.00 Training Period TBD
Part-Time Employees 1.00 Special License Required Medical License
Contract Staff 0.00 Reason for Selling Personal

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.