$1.2M Rev, Fast Growing Podiatry Practice, NV

NVMED1A - $1.2 Million Revenue, Fast Growing Podiatry Practice in Nevada

Company Overiew
Broker is pleased to exclusively present a podiatry practice for sale in Nevada. Founded in 1980, this medical practice specializes in foot care and offers both medical and surgical services. With a booming senior population in the surrounding are, the practice has grown into a significant player in the local healthcare market, catering to approximately 9,000 patients, with 40 to 60 new referrals weekly. The practice provides services like general foot care, surgical corrections, digital X-rays, and laser therapy, ensuring that patients receive comprehensive treatment for a wide variety of foot-related conditions.

Financial Overview
Financially, the practice has demonstrated strong growth. In 2022, the business generated over $687,000 in income, with net operating income standing at around $170,000. The owners receive monthly salaries but remain involved in the day-to-day operations. In 2024, the practice continued on a positive growth trajectory, bolstered by the hiring of a new doctor and plans to open a second location. The practice is projected to generate $1,200,000 in 2024 with $240,000 in EBITDA. The region has seen several podiatrists retire, which opens new opportunities for growth and expansion.

With strong financials, a growing patient base, and opportunities for future expansion, this practice offers an excellent investment opportunity for potential buyers. The current owners are highly experienced operators seeking retirement who are committed to helping the new owners transition smoothly, and they are willing to stay on for an additional 3-5 years post-acquisition. This makes the practice an ideal acquisition for both new entrants to the healthcare market and existing operators looking to expand their service offerings, as it offers immediate operational success combined with long-term growth potential.

Asking Price
The real estate associated with the practice is leased under favorable terms, with four years remaining on the current lease. The asking price for this opportunity is $1.5 million.