Established Pediatric Practice & Building

LISTING ID # 36564

Long Established Pediatric Practice for Sale. Price Reduced! Established 13 years. Seller for less than a 2x multiple on cash flow! SBA pre-qualified! Building with tenants also available. Founded in 2011 and growing very rapidly, mostly by word of mouth but also insurance reps, colleagues and hospitals. The doctor understands that a lengthy transition period will be necessary to ensure maximum patient retention and is willing to stay on to allow for this. She currently sees patients five and a half days per week (Saturday am only). The practice serves a registered base of 1,200 active patients, with referrals from insurance companies, specialists, and word of mouth. The 5 person support staff includes receptionists, Medical Assistants and a Nurse Practitioner. The practice accepts a wide range of insurance plans, but 80% comes from Medicaid or Medicaid HMOs and private insurance. The practice is located in a working-class town. Spanish speaking is a must to retain the patient base. The owner’s total cash flow in the past year was $419.239.00. This is very well-documented. As such, this sale has been SBA pre-qualified for a physician buyer, with good credit, collateral and at least $150K in liquid funds. The medical office features 2 exam rooms, a lab, reception area and doctor’s office. The other half of the building is rented to a tenant, generated rental income. The doctor owns the building and is willing to offer a long term lease starting at $3,500/mth. We are seeking a serious and financially qualified physician purchaser with at least $150k in liquid funds. Proof of liquid funds will be requested prior to releasing full details.