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Endocrinology Medical Practice
| Asking Price: | $350,000 | Inventory: | $1,000 ++ |
| Gross Revenue: | $573,000 | Real Estate: | n/a |
| Cash Flow: | $318,300 | FF&E: | $35,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This successful Endocrinology Practice is located in a suburb of Washington, DC. It was founded in 1975 by a physician who has specialized in the practice of endocrinology. He is a member of the Endocrine Society and of AACE, The American Association of Clinical Endocrinologists. He is a Fellow of the American College of Physicians. He has a specialty board certification in internal medicine and specializes in the practice of endocrinology, diabetes and metabolism. He has received training at Wayne State University Hospitals in Detroit, Michigan, the Veterans Affairs Medical Center in Washington, DC, the George Washington Hospital, Washington, DC and Bon Secours Hospital, Baltimore, Maryland. The practice focuses on the care of problems relating to the hormone producing glands including diabetes, disorders of the thyroid, parathyroid, pituitary, adrenal glands, and gonads, menopause and osteoporosis. The practice accepts patients using various types of insurance, Medicare and Medicaid. The office hours are 8:30 am to 4:30 pm Monday through Friday. This turn-key offering includes a well appointed office, loyal clientele, an excellent support staff and appropriate equipment. It has all of the elements in place for immediate access to positive cash flow and viable future growth.
About the Business
Year Established:1975
Employees:3 full time - 1 part time
Facilities:1,660 square feet of well appointed space is centrally located in a suburb of Washington, DC. The office has a reception lounge, staff work stations, two offices, a lab, two restroom and three exam rooms.
Market Outlook and Competition:The office is located in a very busy area of Maryland is experiencing a surge in development and growth that could be tapped for an increased flow of new patients. A doctor willing to work five days a week, do some advertising and add more services could augment revenues significantly. The space could also be more fully productive if a second physician were to be brought in.
This Endocrinology Practice is over 30 years old and is well positioned to continue in its areas of specialty.
About the Sale
Management Training and Support:A well trained, competent and effective staff remains in place and may be retained by the new owner. Reason for Selling: Physician is reducing size of practice. Employees: Three full time plus one part time
Reason For Selling:Seller is retiring
Seller Financing:Financing is negotiable
KEYWORDS: Medical, practice, health, human health, endocrinology, specialty medicine
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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