Description of the business for sale
This internal medical practice is located in Miami-Dade County, FL where the owner has built the practice for almost 30 years. The new owners/physicians will enjoy the extensive patient base which adds 20 to 30 new patients weekly.
This practice enjoys one of the finest revenue models in medicine. If you purchase this practice you could expect to earn $600,000 AFTER debt coverage.
History: The revenue stream and profits built by this practice is in the upper echelon of internists. Future increased revenue is in place and to be enjoyed by the acquiring physician(s). The seller also has other income not included in the practice that could be acquired.
Growth Potential: A new physician in this practice will be able to immediately enjoy higher than normal income with potential for even higher income. The current owner/physician has at least 15 hours each week that the office is not being utilized, which could be turned into immediately higher revenues. Current patient bookings extend out eight weeks.
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Support / Training provided by seller
In addition, the selling physician has trained numerous young doctors over the years so a solid transfer plan is in place to maximize goodwill for the entering physician.
Seller is available to work full time in practice during the transition period.
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Description of the facilities
The main office is located in a busy retail area, an emerging trend in healthcare. A second satellite office is located in a rapidly growing adjacent community. A new owner will enjoy the benefits of this office with state of the art medical and office equipment. $150,000 was invested in a beautifully decorated and highly efficient, build-out.
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