Well Est Endocrinology Practice SBA or Seller Financing
Leon County, FL
| Asking Price: | $650,000 |
| Gross Revenue: | $1,252,393 |
| Rent: | $10,000/Month |
| Established Year: | 1998 |
| Cash Flow: | $263,078 |
| Inventory: | $1,000 |
| FF&E: | $79,700 |
Listing ID: 2298133Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well established over 25 years endocrinology practice that's the 2nd largest in the area to the hospital. Doctor only works 3 days a week and willing to stay on 2 days a week with new ownership. Collections over $1.2M with previous collections much more when doctor was working full-time. Doctor owns the property and open to selling the property. SBA with only $73K down and working capital of $58K back at closing. Doctor willing to finance with $250K down.
DETAILED INFORMATION
Location
Leon County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,000
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
6000 sqft. stand-alone building owned by the doctor and leased at $10K/mth. The office consists of 7 exam rooms. Doctor open to selling the property with appraisal to be performed.
Competition
3 other endocrinologist in the area. The hospital is the largest in the area has discarded all type 2 diabetes that now have to go somewhere.
Growth & Expansion
Plenty of growth potential with a new doctor working a 5 day work week. Currently seeing 10-15 new patients a week. Start accepting more Type 2 diabetes patients that were discarded by the hospital. Due to the doctors age has no desire taking on much more or working more than 3 days a week.
Financing
Seller financing w/$250K down @ 8.5% over 5 years
Support & Training
Doctor willing to stay on 14 days at no cost included in the sale. Doctor willing to stay on 2 days a week with new ownership.
Reason for Selling
Retirement
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