Established Neurology/Pain Management practice, South Brooklyn, NY
Share on Facebook 
Post to X 
Share on LinkedIn 
Share on Reddit Business Description
Potential $1.400.000 gross year revenue, the owner is retiring
ESTABLISHED NEUROLOGY/PAIN MANAGEMENT PRACTICE - SOUTH BROOKLYN
Exceptional opportunity to acquire a thriving neurology and pain management practice established in 1996. This profitable medical practice operates in a high-demand Brooklyn market with significant growth potential and comprehensive transition support.
KEY BUSINESS FEATURES:
• Smoothly running profitable practice with experienced staff in custom-built contemporary office
• 39,000+ patient database in Practice Fusion EMR system with AI dictation and specialized neurological templates
• Strong patient demand with 3-4 month waitlist reflecting severe neurologist shortage in Brooklyn
• Multiple established referral sources requiring no advertising investment
• C-arm fluoroscopic X-ray suite generating additional revenue opportunities
• High demand for multilingual services (Russian/Ukrainian/Chinese/Arabic speaking doctors)
FINANCIAL PERFORMANCE:
• Current Annual Revenue: $705,000
• Seller's Discretionary Earnings: $280,000
• FF&E Value: $80,000
• Inventory: $20,000 (included in purchase)
• Owned Real Estate Value: $1,200,000
• 2,880 square feet of medical office space
GROWTH OPPORTUNITIES:
• Projected $1.4M+ annual revenue potential with full-time operation
• Current revenue reflects part-time practice schedule
• Office space designed to accommodate up to 3 doctors simultaneously
• Ideal for multispecialty group expansion
COMPREHENSIVE TRANSITION PACKAGE:
• Owner commitment to 6-month transition period
• Staff retention secured
• Complete EMR system training
• Pain management procedure training for general neurologists
• Diagnostic equipment operation training
The retiring owner, after 30+ years of practice development, seeks qualified buyers with proof of funds. This turnkey opportunity provides immediate cash flow with substantial expansion potential in an underserved market.
Asking Price: $499,000
Exceptional opportunity to acquire a thriving neurology and pain management practice established in 1996. This profitable medical practice operates in a high-demand Brooklyn market with significant growth potential and comprehensive transition support.
KEY BUSINESS FEATURES:
• Smoothly running profitable practice with experienced staff in custom-built contemporary office
• 39,000+ patient database in Practice Fusion EMR system with AI dictation and specialized neurological templates
• Strong patient demand with 3-4 month waitlist reflecting severe neurologist shortage in Brooklyn
• Multiple established referral sources requiring no advertising investment
• C-arm fluoroscopic X-ray suite generating additional revenue opportunities
• High demand for multilingual services (Russian/Ukrainian/Chinese/Arabic speaking doctors)
FINANCIAL PERFORMANCE:
• Current Annual Revenue: $705,000
• Seller's Discretionary Earnings: $280,000
• FF&E Value: $80,000
• Inventory: $20,000 (included in purchase)
• Owned Real Estate Value: $1,200,000
• 2,880 square feet of medical office space
GROWTH OPPORTUNITIES:
• Projected $1.4M+ annual revenue potential with full-time operation
• Current revenue reflects part-time practice schedule
• Office space designed to accommodate up to 3 doctors simultaneously
• Ideal for multispecialty group expansion
COMPREHENSIVE TRANSITION PACKAGE:
• Owner commitment to 6-month transition period
• Staff retention secured
• Complete EMR system training
• Pain management procedure training for general neurologists
• Diagnostic equipment operation training
The retiring owner, after 30+ years of practice development, seeks qualified buyers with proof of funds. This turnkey opportunity provides immediate cash flow with substantial expansion potential in an underserved market.
Asking Price: $499,000
About the Business
- Years in Operation
- 30
- Employees
- 5 (2 Full-time, 3 Part-time)
- Facilities & Assets
- - State-of-the-art contemporary high ceiling 1st floor medical office, custom-build in a mixed (office/residential) 16-year-old beautiful condo building
- Custom-made furniture in every room, spacious waiting area (15 patients), 3 exam rooms, 2 testing rooms, a conference room, billing room, C-arm X-R fluoroscopic suite, kitchen area, private bathroom/shower. 1 car garage spot and a Storage Room.
- 39000+ patients list in EMR Practice Fusion since 2010.
- Rare opportunity for a new or expanding neurologist!
- Private Multispecialty Groups are also welcome to expand their service!
- Located near the subway and bus stops in South Brooklyn.
- Advanced Diagnostic Equipment: EEG, EMG, TCD, SSEP, VNG, ANS, C-arm fluoroscopic X-ray, Visual field Humphrey analyzer, Audiometer, portable Musculo-skeletal ultrasound machine.
- For potential buyers: visiting the office requires ND agreement and proof of funds. - Market Outlook / Competition
- - High Demand – 3-4 month patients waitlist due to severe shortage of neurologists in Brooklyn, NY
- Multiple referral sources without any advertisement
- Office EMR system "Practice Fusion" includes 39000+ charts/patients , AI dictation system, and neurological templates.
- Special demand for Russian/Ukrainian/Chinese/Arabic speaking doctors in South Brooklyn
- Real estate may be sold separately instead of renting.
- Rare opportunity for a new or expanding neurologist!
- Private Multispecialty Groups are also welcome to expand their service! - Opportunities for Growth
- - Huge Growth Potential: full-time neurologist is expected to bring in $1.4M+ annually ( current gross income reflects part time work of 1 neurologist/pain management with supportive staff)
- Expansion Opportunity: space is enough for 3 doctors working simultaneously
- C-arm fluoroscopic X-ray suite brings additional revenue.
- Convenient for Multispecialty Groups
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 2,880
About the Sale
- Seller Motivation
- The owner is looking for retirement after 30+ years of building the practice and
- Transition Support
- - Owner/doctor will stay for 6 months to ensure a smooth transition!
- Staff is willing to stay
- EMR use training
- Pain management procedure training may be provided for a general neurologist
- Use of diagnostic equipment for a qualified candidate - Financing Options
- proof of fund is requested
Listing Info
- ID
- 2497193
- Listing Views
Listing ID: 2497193 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. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNew York Businesses for SaleNew York Health & Medical Businesses for SaleNew York Medical Practices Businesses for Sale
Similar Listings
