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Lucrative Central San Diego Medical Practice For Sale - Investor Owned

San Diego, CA
listing image
Asking Price:$1,500,000
Gross Revenue:$770,000
FF&E:$40,000
Cash Flow:$505,000
Rent:$3,906/Month
Established Year:2005
Listing ID: 2193265Listing provided by BizBuySell
BUSINESS DESCRIPTION

High Guaranteed Capitated Income - Ideal for MD Practitioner/Investor

Long-standing medical practice that sees Adult Patients for Primary Care.

Space: 1400 square feet first floor space - lobby, staff area, 3 exam rooms, provider office
Location: Center of San Diego near I-5 next door to Starbucks.
Staff: Front Desk + 2 Medical Assistants
Providers: 1 Part-Time MD and Full-Time NP

70% of income is revolving monthly income capitation arrangements for patient panels from grandfathered contracts with local insurers that are no longer able to be obtained in the regular market.

Cashflow Scenarios:
MD Owner-Operator (with no other providers): $450-$500k (consistent for years)
MD Investor (retaining current providers): $225k-$275k (consistent for years)

DETAILED INFORMATION
Location
San Diego, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,400
Lease Expiration
29/02/2028
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All medical equipment beds furnishings technology
Competition
Primary Care is in demand. Tons of new patients.
Growth & Expansion
Entrpreuneurial physician owner operator in the community could explode this well-running business.
Support & Training
Turnkey Operation.
Reason for Selling
Owner is NYC MD no longer moving to San Diego
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Emely Redondo
Emely Redondo