Established Pediatric Practice & Building

LISTING ID # 36564

Long Established Pediatric Practice for Sale. Established 13 years. 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. The doctor would also be willing to sell the building for an additional $575K through PMTG Realty Group. 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.