Pulmonary Practice 29-Yrs Est.-Immense Growth Potential

Broward County, FL
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Asking Price:$2,999,000
Gross Revenue:$1,395,374
Established Year:1991
Cash Flow:$1,013,938
FF&E:$14,200
BUSINESS DESCRIPTION

Pulmonology Practice 29-Years Est. in Broward

This pulmonary medical practice was established in 1993 and has since evaluated and treated tens of thousands of patients. Located in Broward county and affiliated with several hospitals, the seller enjoys a great reputation and has forged relationships with many patients over the years. The seller is willing to work for the buyer with reduced hours and even guide the new owner towards expanding the practice. Perfect for an existing pulmonary MD or group of MDs, or a private equity firm that wants to invest in the medical arena. Pre-qualified by several direct lenders! This pulmonology practice has an immense growth potential and the seller is willing to be instrumental in the expansionary efforts of the buyer.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,062
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The medical office is situated in a Broward hospital setting and is very accessible by staff and patients alike. Plentiful parking and the location is close to major county roads and highways. The lease is assignable and extendable.
Competition
The are other pulmonary practices in Broward county but one will be hard pressed to find one with a 29-year history, based in the same location and having such a robust patient following as this MD. 75% to 80% is referral business.
Growth & Expansion
Florida has experience a pronounced population growth and the medical field is growing as a result. The pandemic has affected the pulmonary abilities of thousands of people and the services that this practice provides are very high in demand. Great growth awaits ahead!
Financing
Lender pre-screened with $600K down.
Support & Training
Will train for 4 weeks @ $0 cost. A medical license is required.
Reason for Selling
The seller is approaching retirement and wants to establish an active retirement
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Anton
Joro
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Anton Joro