MD General/Internal Medicine Practice
| Asking Price: | $4,250,000 |
| Gross Revenue: | $1,475,000 |
| Real Estate: | $1,200,000 |
| Cash Flow: | $1,070,000 |
| FF&E: | $40,000 |
First time for sale – after more than 30 years the Physician is preparing to retire. A well-established Practice - General/Internal Medical in a prime location. The current active patient base is between 2,000 and 3,000 annually with approximately 85 daily visits. The office is open 4 days a week with about 50 in-facility and 35 Tele Med appointments during hours. The practice is at full capacity, turning away 20+ new patients weekly. The Doctor has not taken on new patients in the last 3 years. The Practice has diverse age demographics, serving 20% of clients ages 18-30, 45% between the ages of 30 - 65, and 35% who are 65+ years. MD is willing to stay for 2-3 years to facilitate an orderly transition.
Ownership Requirements: MD License in CT
Staff: The Owner – MD – Internal Medicine; and three (3) administrative staff.
Equipment/Inventory: Minimal (OFFICE FFE around $40,000) – Office build-out and recent renovations estimated at $100,000.
*** Financials estimated for 2024
