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Renal & Hypertension Practice for Sale
Description: This is a solo nephrology practice located in southwestern Pennsylvania.  The practice is divided between renal and hypertension patients as well as some internal medicine patients.

Approximately 70% of the practice is renal and hypertension consultations/treatment and 30% general internal medicine consultations/treatment. 
Practice/Business Type: Internal Medicine>Nephrology
Opportunity Type: Practice For Sale
Region: North America
Country: UNITED STATES
State: PA
City: Suburb of metropolitan area

Location Type: Suburban
Property Type: Professional Office Bldg.
FT Doctors: 1
PT Doctors: 0
Support Staff: 3
Exams/Ops/Lanes: 2
Facility Size: 1800 Sq Ft
Seller Assist: Seller can assist buyer with transition
Seller Work: Seller willing to work in practice after closing part time
Suburb of metropolitan area, PA
Year Biz Established: 2000
Entity Type: S Corp
Broker Contact OK: Y
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Biz Asking Price:    650,000     
A/R Amount:    118,804    Included in asking Price: Y
FF&E Amount:    73,885    Included in asking Price: Y
Inventory Amount:    10,000    Included in asking Price: Y
 
Gross Income Current
666,892
Prev Yr1
640,103
Prev Yr2
626,239
Prev Yr3
708,017
Seller Discretionary Earnings Current
415,693
Prev Yr1
406,345
Prev Yr2
319,293
Prev Yr3
305,354
History: The practice was started in 2000 and has been at its current location since opening. 
Growth Potential: The area is underserved regarding this specialty.  One nephrology office is within a five-minute drive and 2 nephrology offices are within a 30-minute drive.  The demographic is towards an older population more likely to need care
Reason For Selling: Physician wishes to retire.
Other Remarks: The 1,800-square foot office is located in a suburban dialysis center.  The office consists of 2 examination rooms plus a physician’s office.  Support areas include records storage, bookkeeping office and manager’s office.

The office space is sublet to two physicians.  One physician sublets 800 square feet at a rate of $600.00 per month.  The second physician sublets the office suite two ˝ days per week at a rate of $200.00 per month.  This income stream is expected to pass to the buyer.

Owner will finance 20% of purchase for right buyer.

Agent Profile

Medical Practice Brokers, Inc.
Terry Flanagan
7740 Foresthill Lane
Palos Heights, IL 60463
1-877-988-0911
Fax: 708-361-3220
terry@practicebrokers.com
www.practicebrokers.com

More listings from this agent

Terry Flanagan is our Medical Practice Sales Group affiliate in the Midwest region.

PROFESSIONAL EXPERIENCE

Terry was in practice as a chiropractor for twenty-five years.  During that period he has practiced as a solo practitioner, as a clinic director and as a primary care physician in a multi-specialty medical clinic.  His experience and knowledge of various physician operating structures provides both buyers and sellers with the insight necessary to attain their personal goals. He holds the prestigous Certified Business Intermediary (CBI) designation through the International Business Brokers Association.

Terry is also the owner of Circumference Valuations (www.CircumferenceValuations.com), a valuation company providing financial appraisals for professional practices and small to middle market companies.  Terry has taken extensive valuation training through the American Society of Appraisers (ASA), National Association of Certified Valuation Analysts (NACVA) and the Institute of Business Appraisers (IBA).  He is an accredited valuation analyst (AVA) through NACVA and is a Certified Business Appraiser (CBA) through the IBA.  He has extensive expertise in the valuation, negotiation and sales of professional practices.

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