Legacy Non-Invasive Cardiology Practice For Sale – Greater Tampa Area

Sarasota County, FL

Seller Financing Available

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Asking Price:$615,000
Gross Revenue:$885,383
Rent:$3,237.25/Month
Cash Flow:$399,091
Inventory:$50,000
Established Year:2004
BUSINESS DESCRIPTION

Opportunity to Acquire a Long-Standing Non-Invasive Cardiology Practice

This non-invasive cardiology practice (est. 2004) has built a strong reputation in the community for its cardiovascular expertise and patient-centered care. Nuclear stress testing, echocardiograms, carotid artery ultrasounds, holter monitoring, pacemaker checks, and the Coumadin clinic further enhance their comprehensive cardiology services. The practice focuses on non-invasive, conservative care, which resonates with many patients and referral sources who prefer less aggressive treatment options. However, the practice has established strong relationships with trusted specialists who can provide these services when necessary, ensuring comprehensive care for all patients.

In 2023, gross revenues were $885,383, working 3.75 days per week. There are significant opportunities for growth within the practice. Recapturing hospital visits and procedures presents a substantial potential for expansion, as these activities could generate new referral sources from hospital interactions. Additionally, there is considerable scope for increasing the range of office-based procedures and testing. An appropriately trained provider could introduce new services, such as peripheral vascular disease evaluations, which could lead to angiography and interventional procedures. If the new provider chooses not to offer these services directly, the practice has established relationships with trusted providers to ensure seamless continuity of care.

Upon request, qualified prospective buyers will have access to detailed financial records and a comprehensive 20+ page Confidential Information Memorandum (CIM).

100% bank financing is available with approved credit. Please inquire.

In Association with ParaSell, Inc. | A Licensed Florida Broker #CQ1059597
ParaSell, Inc. – Scott Reid, Florida Broker of Record


DETAILED INFORMATION
Location
Sarasota County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Employees
4
Facilities
Single level 1,800 SF medical office. Facilities include waiting room with 8 chairs, 2 exam rooms, 1 provider office, 2 additional offices, 1 medical records room, 1 procedure room, 1 nuclear camera room, 1 patient restroom, 1 staff lounge, 1 nuclear laboratory, and 1 storage closet/cabinets. The building has multiple parking spaces.
Growth & Expansion
Recapturing hospital visits and procedures offers substantial potential for expansion, generating new referral sources. There is also scope to increase office-based procedures and testing. An appropriately trained provider could introduce services like peripheral vascular disease evaluations, leading to angiography and interventional procedures. If the new provider decides not to offer these services, the practice has established relationships with trusted providers to ensure seamless continuity of care.
Financing
$92,250 on approved credit to qualified physician buyers
Support & Training
Founding physician owner is willing to work 6-12 months post-sale to ensure a smooth patient transition.
Reason for Selling
Owner is preparing for retirement
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Shaun
Rudgear
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Shaun Rudgear