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Endocrinology practice for sale in Ventura County

Description: This is an exceptional, hassle-free endocrinology practice located in one of the most desirable communities in Southern California.
The practice was started in 1996 and itís now time for the doctor to officially retire; though he's only been working about 16 hours per 
week for the last ten years, when he cancelled his contracts with  PPOs. Now practice is cash-basis except for Medicare patients. No 
Medicaid. No HMOs. No Obamacare. No hassles. Collection is 95%.
About 90% of the patients are seen for endocrinology and about 10% internal medicine. No calls, weekends free.
100% of patients make an appointment to see the doctor with the practice averaging about 50 patients per week and an average of 5 new 
patients per week. Currently new patients waiting period is six weeks.
The practice draws most of its patients within the local community  with some patients traveling from cities in Southern California to receive a second opinion.
Gross income = $385K
Asking Price = $255K + Vitamins Inventory Price
Practice/Business Type: Internal Medicine>Endocrinology
Opportunity Type: Practice For Sale
Region: North America
Country: UNITED STATES
State: CA
City: Confidential

Location Type: Urban
Property Type: Professional Office Bldg.
FT Doctors: 1
PT Doctors: 0
Support Staff: 3
Facility Size: 1754 Sq Ft

Confidential, CA
Entity Type: S Corp
Broker Contact OK: N
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Biz Asking Price:    $255,000     
A/R Amount:        Included in asking Price: N
FF&E Amount:    $80,000    Included in asking Price: Y
Inventory Amount:    $50,000    Included in asking Price: N
 
Gross Income Current
460,182
Prev Yr1
$384,568
Prev Yr2
$346,581
Prev Yr3
$392,828
Seller Discretionary Earnings Current
251,828
Prev Yr1
$221,736
Prev Yr2
$182,639
Prev Yr3
$203,654
History: The practice was started in 1996 and its now time for the doctor to officially retire; though he's only been working about 16 hours per week for the last ten years.
Growth Potential: The current doctor only works about 16 hours per week and all patients make appointments.  The practice therefore has an exceptionally sold foundation and new patients can be obtained with limited marketing or working with doctors in the local community.
Reason For Selling: Retirement
Other Remarks: Up to 100% finance would be available for a qualified doctor.

Agent Profile

Medical Practice Brokers, Inc.
Andrew Rogerson
5150 Fair Oaks Blvd
#101-198
Carmichael, CA 95608
916 570-2674
Fax: 916 473-8655
andrew@practicebrokers.com
http://www.rogersonbusinessservices.com/sell-medical-practice/

More listings from this agent

Andrew Rogerson is a Certified Business Broker.  This means he helps entrepreneurs sell a medical practice, sell a business, value a practice or business and buy a practice or business.

Andrew also specializes in valuing and brokering medical & dental practices and equipment.

For more information visit Andrew's website at www.rogersonbusinessservices.com

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